SDTC Portfolio Reaches $1 Billion in Cleantech Funding

    $30.3 million in new funding approved for 14 companies

    TORONTO, Oct. 25 /CNW/ - Canada's clean tech economy reached a major
milestone today with Sustainable Development Technology Canada (SDTC)
announcing that its SD Tech Fund(TM) investment portfolio has surpassed
$1 billion.
    This milestone was reached through the approval by SDTC's Board of
Directors of $30.3 million in new funding for the development and
demonstration of 14 clean technology solutions that benefit both the
environment and the economy. The total value of these projects is
$93.5 million, bringing the SD Tech Fund investment portfolio to $1.03
    "Our partnership with SDTC is providing Canadians with clean technology
options that will improve their health now and in the future," said the
Honourable Gary Lunn, Minister of Natural Resources. "Combined with our
ecoACTION initiatives, this is another example of our Government's commitment
to reducing greenhouse gases and air pollution while ensuring economic
    "By investing in green technology, our government is taking action in the
fight against climate change," said John Baird, Minister of the Environment.
"Today's announcement will ensure future generations of Canadians will
continue to enjoy clean air, high-quality water and clean soil, while helping
make this country a world leader on the environment."
    "This is a great day for the cleantech economy in Canada," said SDTC
Chairman Stephen Probyn. "Since our first funding round in 2002, we have seen
a twenty fold increase in financial support for clean technologies. The public
and private sectors have seen the importance of clean technologies, embraced
our model and have invested their time and money into this important area."

    Some highlights of this round's technologies include:

    -   A project that proposes to capture CO2 from compressor stations (and
        other installations in the fossil fuel, power generation sector) and
        sequester it using an innovative algae bio-reactor. Algae have the
        ability to sequester CO2, produce oxygen and generate bio-oil.

    -   A project will demonstrate a versatile cogeneration system using
        multiple agricultural biomass feedstocks as a rural alternative to
        burning coal. It will be demonstrated as part of a district heating
        project in the Métis community of Saint Laurent, Manitoba.

    -   A project aims to develop a novel manufacturing process for the
        fabrication of a new polymer derivative which promises to greatly
        reduce the cost of solar photo-voltaic (PV) cells. This unique
        polymer has higher material stability and light absorption properties
        than its nearest competition.

    Since April 2002, the SD Tech Fund has completed eleven funding rounds,
committed $308 million to 137 clean technology projects, and leveraged
$722 million from project consortia members.
    "We are excited about this new group of companies and the promise their
technology solutions hold," said Vicky J. Sharpe, President and CEO of SDTC. 
"Once again clean technologies are adding value to the Canadian economy, from
increasing the efficiency of important sectors like oil and gas to empowering
remote communities to operate more cost-effectively."
    SDTC will launch the next call for Statements of Interest (SOI) for the
SD Tech Fund on February 27, 2008. The upcoming call for SOIs will include a
request for projects with technologies that address climate change, clean air,
clean water and clean soil issues. Solutions that address more than one focus
area are of greatest interest.

    About SDTC

    SDTC is an arm's-length foundation which has received $1.05 billion from
the Government of Canada as part of its commitment to create a healthy
environment and a high quality of life for all Canadians.
    SDTC operates two funds aimed at the development and demonstration of
innovative technological solutions. The $550 million SD Tech Fund(TM) supports
projects that address climate change, air quality, clean water, and clean
soil. The $500 million NextGen Biofuels Fund(TM) supports the establishment of
first-of-kind large demonstration-scale facilities for the production of
next-generation renewable fuels.
    SDTC operates as a not-for-profit corporation and has been working with
the public and private sector including industry, academia, non-governmental
organizations (NGOs), the financial community and all levels of government to
achieve this mandate.

    A list of all 14 projects can be found at

                           Round 11 Funded Projects

    1.  Lead Organization: Biothermica Technologies Inc, Montreal, Quebec
        Economic Category: Energy Utilization

    2.  Lead Organization: Effenco Development Inc., Montreal, Quebec
        Economic Category: Transportation

    3.  Lead Organization: EnQuest Power Corporation, Fonthill, Ontario
        Economic Category: Waste Management

    4.  Lead Organization: EnviroTower Inc., Toronto, Ontario
        Economic Category: Waste Management

    5.  Lead Organization: Ferrinov Inc., Montreal, Quebec
        Economic Category: Waste Management

    6.  Lead Organization: GE Canada, Mississauga, Ontario
        Economic Category: Transportation

    7.  Lead Organization: Corporation HET - Horizon Environnement
         Technologies, Quebec City, Quebec
        Economic Category: Waste Management

    8.  Lead Organization: HSM Systems Inc, Fredericton, New Brunswick
        Economic Category: Power Generation

    9.  Lead Organization: MSR Innovations Inc., Burnaby, British Columbia
        Economic Category: Power Generation

    10. Lead Organization: Menova Energy Inc., Ottawa, Ontario
        Economic Category: Energy Utilization

    11. Lead Organization: St-Jean Photochimie, St-Jean-sur-Richelieu, Québec
        Economic Category: Power Generation

    12. Lead Organization: TM4 inc., Boucherville, Quebec
        Economic Category: Transportation

    13. Lead Organization: Trilogics Technologies Inc, Vancouver, British
        Economic Category: Energy Utilization

    14. Lead Organization: Vidir Biomass Inc., Arborg, Manitoba
        Economic Category: Agriculture

For further information:

For further information: Media Relations: Patrice Breton, Director,
Communications, SDTC, Tel: (613) 234-6313 x295,; Application
Process: Zoltan Tompa, Manager, Applications, SDTC, Tel: (613) 234-6313 x234,

Organization Profile


More on this organization

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890