Log in
Lost password
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  News


Latest NewsCompaniesMarketsEconomy & ForexCommoditiesHot NewsMost Read NewsRecomm.Business LeadersVideosCalendar 

Department of Agriculture and Agri-Food : Harper Government Invests in Technology Converting Emissions into Valuable Agri-Food Product

10/12/2012 | 06:30pm US/Eastern

News releases are also available via our RSS Feeds .

Calgary, Alberta, October 12, 2012 - An Alberta company has developed an innovative way to grow a useful high-value crop with the use of industrial emissions. Member of Parliament Blake Richards (Wild Rose), on behalf of Agriculture Minister Gerry Ritz, announced today an investment for SFN Biosystems Inc. (SFN) to continue work on their patented technology that turns raw engine exhaust into a usable algae feedstock.

"Our Government is proud to support innovative projects that help add value to agricultural crops in ways that are both sustainable and environmentally-friendly," said MP Richards. "These types of projects, which identify a need in the marketplace and find solutions to fill that need, will help our agricultural sector grow and remain globally competitive."

SFN has successfully established a full-scale demonstration facility that uses algae to extract up to 90 per cent of CO2 emissions generated by natural gas compression facilities. Algae biomass is considered to be a new and innovative type of agri-food product that has high nutritional content and can be grown at a relatively low cost. The investment of more than $820,000 will help fund further research into optimizing algae growth rates leading to more efficient methods of production, yielding the maximum amount of algae with the highest CO2 uptake capacity.

SFN's technology captures CO2 emissions and rejected heat directly from natural gas burning engines for use as primary inputs in closed phytobioreactors - closed structures containing algae, artificial light and nutrient. These structures provide algae with the optimal environment (CO2, light, heat and nutrient) required for algae photosynthesis and algae growth. The algae strains produced contain various levels of lipids, proteins and carbohydrates, making them useful for a number of products, including Omega 3 for vitamin supplementation as well as for other food supplements, pharmaceuticals, nutraceuticals and cosmetics.

SFN's technology will be installed in rural markets on lands immediately adjacent to natural gas compression facilities, which will help create agricultural, manufacturing, and facility operations jobs. The technology offers an environmentally friendly, technologically viable and economically feasible CO2 reduction solution that is safe, effective, and sustainable.

"SFN truly represents a triple win for the energy sector, the agricultural industry, and the environment," said Max Copeland, SFN's co-founder and senior vice-president. "SFN appreciates the grant awarded by the Government of Canada. SFN looks forward to continuing its relationship with Agriculture and Agri-Food Canada and all levels of government as it moves towards the commercialization of its technology in the near term."

This project is supported through the Agricultural Innovation Program - a $50-million initiative announced as part of Canada's Economic Action Plan 2011 and part of the Government's commitment to help Canadian producers benefit from cutting-edge science and technology. The Program boosts the development and commercialization of innovative new products, technologies, and processes for the agricultural sector. For more information about this and other Agriculture and Agri-Food Canada programs, please visit www.agr.gc.ca.

Calgary-based energy producer Encana is also a partner in the project, having invested in the technology in 2010 through its Environmental Innovation Fund. The mandate of Encana's Environmental Innovation Fund is to invest in projects that economically improve the environmental performance of the oil and natural gas sector through developing and implementing innovative technology.

This investment is conditional on the signing of a contribution agreement.

Additionally, the new Growing Forward 2 agreement signed by Ministers and AAFC last month will continue to drive innovation and long-term growth in Canada. In addition to a generous suite of business risk management programs, Governments have agreed to invest more than $3 billion over five years in innovation, competitiveness and market development. For more information on GF2, please visit www.agr.gc.ca/growingforward2.

For more information, media may contact:

Relations avec les médias
Agriculture et Agroalimentaire Canada
Ottawa (Ontario)

Jeff English
Attaché de presse
Cabinet de l'honorable Gerry Ritz

To obtain a news release that is more than five years old, contact mediar@agr.gc.ca.

distributed by
React to this article
Latest news
Date Title
09:56a Wall St. rises as chances of 2015 rate hike fade
09:56a MAGNIT PAO : PJSC “Magnit” Announces 19.31% Retail Sales Growth in Rubles for September 2015
09:56a NK LUKOIL PAO : Lukoil commissions second catalytic cracking complex of vacuum gas oil
09:56a MAGNIT PAO : PJSC “Magnit” Announces the Opening of the 130th “Magnit Family” Store
09:56a MAGNIT PAO : “Magnit” Has Topped the INFOLine Retail Russia Top-100 Rating
09:56a RESEARCH AND MARKETS : Urea Market in Afghanistan: 2015-2019 Review
09:55aDJNewell Rubbermaid Shifts Its Leadership Ranks
09:55aDJCriminal Proceeding Sought Against 1MDB
09:55aDJFed's Lockhart Sees Rate Rise Before End of Year
09:55aDJCanada Adds 12,100 Jobs in September
Latest news
Hot News 
ADGORITHMS : Annual Earnings To Miss Expectations On Market Disruption
6D GLOBAL TECHNOLOGIES : SIXD Levi & Korsinsky, LLP Announces the Commencement of an Investigation Involving Possible Securities Fraud Violations by Certain Officers and Directors of 6D Global Technologies, Inc.
INSPIRED ENERGY : Shortlisted in the Energy Awards 2015
HML : Results of AGM (2)
MEDCOMTECH : Special Notice - Frozen Right Lateral Meniscus
Most Read News
01:39a Amal is a real jewel
12:45a MINISTRY OF FINANCE OF REPUBLIC OF INDONESIA : Government Decreases Oil Fuel, Gas and Electricity Prices through 3rd Economic Policy Package
10/08 DAIRY AUSTRALIA : New RD&E model to drive Victorian dairy farm profitability
12:01a To Defend Payments Businesses, Banks Must Focus on Customer Pain Points
Most recommended articles
09:55aDJNewell Rubbermaid Shifts Its Leadership Ranks
09:55aDJCriminal Proceeding Sought Against 1MDB
09:55aDJFed's Lockhart Sees Rate Rise Before End of Year
09:55aDJCanada Adds 12,100 Jobs in September
09:55aDJLogMeIn to Acquire Password-Management Firm LastPass