McGuinty Government Promotes Two-Way Investment And Trade In Shanghai
TORONTO, Oct. 27 /CNW/ -
A Chinese company will build a biomass power plant in Ontario as part of
an announcement made today in Shanghai.
Canadian Windfields Solar and Renewable Energy Corporation announced that
it will build and operate a demonstration plant with Chinese company Wuhan
Liren. Wuhan Liren will also invest in an Ontario manufacturing plant that
will build and support its biomass power generation systems.
Instead of traditional renewable energy sources such as solar and wind,
the power plant will use agricultural and forestry waste that produce
virtually no emissions. The new biomass power generation plant will be the
first of its kind in North America.
Premier Dalton McGuinty took part in the signing ceremony during the
Shanghai leg of his mission to China. The goal of the mission is to sell
Ontario environmental technologies and exchange ideas.
The director of Shanghai's Environmental Protection Bureau, Sun Jian,
also took part in the signing ceremony. The Premier then spoke at a dinner to
showcase Ontario's environmental technology companies in front of over 200
people at the Shanghai Museum.
"The agreements signed today are significant. It's just the start of what
Ontario and China can do together," said Premier Dalton McGuinty. "We'll
continue to strengthen our social and economic ties, to generate investment
and create jobs for Ontario families."
"Ontario is a world class producer of environmental products and services
for which a tremendous demand exists in China," said Michael Chan, Minister of
Citizenship and Immigration. "We are sending a clear message to China that
when looking for the technologies necessary to achieve their environmental
goals, they need not look further than Ontario."
- Two-way trade between Ontario and China more than doubled between
2003 and 2007, reaching more than $21 billion last year.
- China is investing $175 billion in environmental protection between
2006 and 2010.
- Ontario currently has 2,600 environmental technology companies.
Read more on Ontario Green programs for businesses
Learn how the Ministry of International Trade and Investment can help your
business develop export markets (http://www.ontarioexports.com/oei/).
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For further information: Premier's Media Office: (416) 314-8975