TAGS: Natural-based Adhesives
EcoSynthetix Inc. has announced that Marie-Claude Bibeau, Minister of Agriculture and Agri-Food, and Karina Gould, Minister of Democratic Institutions, visited the Company’s Center of Innovation in Burlington, Ontario to announce federal funding for the bioproducts sector.
Reducing GHG Emissions with Renewable Products
The Federal Government announced a federal investment of up to USD 11.2 million to the Bioproducts Cluster under the Canadian Agricultural Partnership. The cluster, led by Bioindustrial Innovation Canada, will include an additional USD 10.9 million in contributions from industry, for a total investment of USD 22.1 million. The goal is to provide alternatives to non-renewable based materials that will help meet Canada's commitment to reducing Greenhouse Gas (GHG) emissions and shift towards a renewable-based economy.
“Ecosynthetix is an important partner in Canada's transition to a more sustainable, low-carbon economy. As a leader in biochemical innovation, they continue to provide opportunities for job growth and economic development here in southern Ontario, while creating new markets for Canada's farmers,” said Minister Gould, the Member of Parliament for Burlington.
Developing Green Adhesive Binders for Wood Products
One of the projects that will be supported from the Canadian Agricultural Partnership includes an investment of up to USD 2 million to EcoSynthetix to
develop new green resins for adhesive binders for wood products. This could potentially benefit the environment by providing the construction industry with a greener building product.
“Consumers, retailers and manufacturers are searching for sustainable alternatives that offer both value and comparable performance to traditional materials that are non-renewable or use harmful chemicals. We have developed and commercialized a platform technology that achieves both of these important attributes for sustainable alternatives, value and performance,” said Jeff MacDonald, CEO of EcoSynthetix.
“Not only will this funding allow us to invest in additional product development and human capital at our Centre of Innovation in Burlington – it supports our work in the wood composites market with our No-Added Formaldehyde DuraBind™ resin that targets particle board, medium density fiberboard and orientated strand board which we commercialized in 2016.”
Source: EcoSynthetix