Government of Canada supports growth of Thorold clean-tech company
FedDev Ontario invests $1.5 million for CHAR Technologies Thorold Inc. to manufacture new equipment and create and maintain 14 jobs in Niagara region
October 5, 2022 – Thorold, Ontario
As a key part of Canada’s economic recovery the Government of Canada is investing in local businesses and entrepreneurs to ensure they have the tools they need to succeed now and in the future. This includes supporting businesses that are greening their operations for a cleaner future for Canadians.
Today, the Honourable Filomena Tassi, Minister responsible for the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), announced an investment of up to $1.5 million for CHAR Technologies Thorold Inc., through the Jobs and Growth Fund, to create and maintain 14 jobs and acquire new equipment that will support the development and adoption of its made-in-Canada clean technology production process.
CHAR Technologies Thorold Inc. specializes in converting wood-based waste materials and other organic waste into renewable gases and biocarbon to offset fossil fuels and reduce greenhouse gas emissions. As a result, CHAR will be positioned to increase production capacity of biocarbon from 1,000 tonnes to over 10,000 per year and contribute to a lower, carbon intense economy by providing direct solutions to replace the consumption of fossil fuels.
Through this investment, CHAR will be positioned to support Canada’s targets of a net-zero economy by 2050 by increasing the supply of clean fuels generated from sustainable resources and contributing to a circular economy.
“The Government of Canada is committed to supporting companies that are leading the charge on the development of innovative, clean solutions to help Canadians build a greener future for them and their families. Through investments, like the one today for CHAR Technologies Thorold Inc., we are creating skilled jobs and helping to grow the economy towards a cleaner, greener Canadian economy.”
– The Honourable Filomena Tassi, Minister responsible for the Federal Economic Development Agency for Southern Ontario
“With this support for CHAR Technologies Thorold Inc., the Government of Canada is investing in the transition to a cleaner, circular economy and the creation of good, skilled jobs for both the Toronto and Niagara region. Today’s announcement demonstrates our commitment to supporting the success of innovative, green businesses.”
– Michael Coteau, Member of Parliament for Don Valley East and Vance Badawey, Member of Parliament for Niagara Centre
“We are thrilled to be the recipient of FedDev Ontario JGF funding to support the development and adoption of our made- in- Canada clean technology. Thanks to FedDev Ontario’s funding, CHAR will be positioned to support Canada’s net zero targets by increasing the supply of clean fuels generated from sustainable resources, which is part of our goal of decarbonizing for a circular economy.”
– Andrew White, CEO, CHAR Technologies Thorold Inc.
Established in 2011, CHAR Technologies Ltd. was founded to commercialize research and Intellectual Property (IP) developed at the University of Toronto. CHAR Technologies Thorold Inc. was founded in 2021 to further support the commercialization of CHAR’s operations at the Thorold Multimodal Hub, a 250-acre multimodal industrial complex in Niagara.
With the support of VentureStart, a program that was funded through FedDev Ontario through the Scientists and Engineers in Business Initiative, and delivered by the Mississauga Research Innovation Commercialization Centre, CHAR Technologies was able to secure funding to begin development work in 2013, leading to a fully commissioned commercial manufacturing process in 2018.
The Jobs and Growth Fund (JGF) is a $700-million fund delivered by the regional development agencies (RDAs) to help businesses and the organizations who support them, future-proof, build resiliency and prepare for growth by transitioning to a green a green, inclusive and competitive economy, while creating jobs. FedDev Ontario is delivering this support in southern Ontario.
Since November 2015, FedDev Ontario, has invested over $425 million in more than 200 projects related to clean tech and green initiatives in southern Ontario.
Press Secretary, Office of the Minister responsible for the Federal Economic Development Agency for Southern Ontario
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