Canada’s agricultural sector is a key contributor to Canada’s competitiveness, sustainability, and food security. It is a symbol of the country’s ingenuity and resilience and plays a vital role in supporting jobs and growth across the country and in rural communities. To build a cleaner, stronger agricultural sector, and more productive economy, the government is committed to supporting sustainable farming practices, promoting low-emission technologies, and investing in innovations that reduce environmental impact and drive industrial growth.

“This investment by the Canada Growth Fund in Solugen is a step forward in bolstering Canada–and Québec’s–innovative approaches to growing our food produce sector. By investing in clean farming technologies, we’re strengthening Canada’s food security and domestic supply chains, creating good jobs, protecting our environment, and ensuring a sustainable, innovative, and globally competitive sector for the future.”

— The Honourable François-Philippe Champagne,
Minister of Finance and National Revenue

“Agriculture is without a doubt one of the most important and investable sectors in our economy. The pace of technological advancement we’ve seen across the industry in recent years has been impressive, and investments like this will continue to accelerate innovation. We have a generational opportunity to empower Canada’s agriculture and agri-food sector to meet growing global demand, drive economic growth, and strengthen food security and sovereignty.”

— The Honourable Heath MacDonald,
Minister of Agriculture and Agri-Food

“Today’s announcement demonstrates that Québec is a leader in the green economy and that our local talent is at the heart of Canada’s economic growth. By supporting Solugen, we are driving innovation in the key field of agriculture, actively participating in securing Canada’s food supply chain, and creating high-quality jobs in our regions. This is how we build a stronger, more resilient, and more prosperous economy for everyone.”  

— The Honourable Joël Lightbound,
Minister of Government Transformation, Public Works and Procurement and Québec Lieutenant

“This investment marks a turning point for Solugen. Our technology delivers proven performance while reducing environmental impact. Scaling our operations will allow us to serve more growers and help close the yield gap in organic farming. With this support, we will continue growing our team and strengthening the foundations needed for long‑term, sustainable expansion.” 

— André Beaulieu‑Blanchette,
Founder and CEO of Solugen.

• Founded in 2017 and headquartered in Lévis, Québec, Solugen produces Azogen, a fast-release ammoniacal nitrogen fertilizer produced through a fully circular process. By converting manure into high-performance fertilizer, Solugen helps farmers increase yields while reducing greenhouse gas emissions associated with conventional fertilizers. 

• The Canada Growth Fund is a $15 billion arm’s length public investment vehicle launched by the federal government to attract private capital and invest in Canadian projects and businesses, which is managed by Canada Growth Fund Investment Management, a wholly owned subsidiary of Public Sector Pension Investment Board and the exclusive, arm’s length and independent manager of the Canada Growth Fund.

• In 2024, the Canada Growth Fund announced a $50 million commitment to Idealist Climate Impact Fund LP, a fund managed by Montréal-based Idealist Capital. This investment is helping innovative clean tech businesses across Canada, like Solugen, to scale-up their ideas into solutions that will create good jobs, grow the economy, and accelerate Canada and the world’s progress towards net-zero.

  • The Canada Growth Fund makes strategic investments to help grow Canada’s economy at speed and scale on the path to emissions reductions, in the interest of remaining competitive globally over the longer term. The Canada Growth Fund’s strategic objectives are as follows:
    • Reduce emissions while promoting economic growth and Canadian competitiveness;
    • Accelerate the deployment of key technologies, such as low-carbon hydrogen and carbon capture and sequestration, among others;
    • Scale-up companies that will create jobs and drive productivity and growth across new and traditional sectors of Canada’s industrial base;
    • Encourage the retention of intellectual property in Canada; and,
    • Capitalize on Canada’s abundance of natural resources and strengthen critical supply chains to secure Canada’s future economic and environmental well-being.

• As of March 2026, the Canada Growth Fund has announced 20 transactions (including this transaction), having committed over $5 billion across six provinces.

Media may contact:

John Fragos
Press Secretary
Office of the Minister of Finance and National Revenue
john.fragos@fin.gc.ca

Media Relations 
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mediare@fin.gc.ca 
613-369-4000

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