ANNOUNCED AS TEMPORARYNo
On March 13, 2017 Minister of Innovation, Science and Economic Development Navdeep Bains announced a subsidy of up to Can.$20 million (U.S.$15.4 million) to support clean energy projects at the pre-commercialization stage. This investment, part of a joint initiative that includes matching funds from the province of British Columbia, will help companies with innovative projects at the prototype, field testing and demonstration stages.
The investments include a Can.$10 million (U.S.$7.7 million) non-repayable contribution to the Automotive Fuel Cell Cooperation (AFCC), a Burnaby-based joint venture with Germany’s Daimler AG and Ford Motor Company. Through this joint venture, AFCC is developing new fuel cell modules to be used in automotive applications.
The second project is led by Canfor Pulp Products Inc., a leading global producer of pulp and paper products. The Can.$13 (U.S.$10 million) million non-repayable contribution through SDTC will enable Canfor to further develop and demonstrate a technology that will take what is a currently a waste product from its production processes and develop it into a biofuels product.
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