Wednesday, March 19, 2014

Ottawa Provides Money For South Shore Clean Technology Company

A South Shore-based clean technology innovator is starting up with financial input from Ottawa. CelluFuel's plant just outside Liverpool will transform otherwise low-value wood fibre into renewable diesel fuel for the refinery market. The firm is debuting its technology at ReNova Scotia Bioenergy in Brooklyn with a long-term plan to launch a full commercial-scale operation in Clare by 2015. South Shore-St. Margarets MP Gerald Keddy says the federal government will  contribute half a million dollar repayable investment through ACOA. The money will help in purchasing special equipment for setting up the plant. The Province of Nova Scotia has already announced a $1.5 million repayable investment in the project.