Member access

4-Traders Homepage  >  News

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)
613-773-7972
1-866-345-7972

Jeff English
Attaché de presse
Cabinet de l'honorable Gerry Ritz
613-773-1059

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

distributed by
Latest news
Date Title
<1m ago ENGTEX BERHAD : New issue of securities (chapter 6 of listing requirements): bonus issues
<1m ago HOLMEN : interim report January-September 2014
<1m ago FIH MOBILE : Next day disclosure return - changes in issued share capital
<1m ago UNECE UNITED NATIONS ECONOMIC COMMISSION FOR EUR : United Nations Regional Commissions join forces to conduct a Global Survey on Trade Facilitation and Paperless Trade Implementation, in collaboration with OECD
<1m ago SOUP RESTAURANT : Share Buy Back - Daily Share Buy-Back Notice :: Daily Share Buy Back Notice
1m ago WESCO : Results of Operations and Financial Condition, Regulation FD Disclosure, Financial Statements and Exhibits (form 8-K)
1m agoDJBOE'S BROADBENT : ECB Private Sector Asset Purchases Could be More Powerful Than QE
2m ago COLFAX : Results of Operations and Financial Condition, Financial Statements and Exhibits (form 8-K)
2m ago QUALITY SYSTEMS : Results of Operations and Financial Condition, Other Events, Financial Statements and Exhibits (form 8-K)
2m ago TIPP24 SE : Release according to Article 26, Section 1 of the WpHG with the objective of Europe-wide distribution (DGAP Regulatory)
Latest news
Advertisement
Hot News 
UNISYS : Patent Application Titled "Systems and Methods for Identifying Fraud in Transactions Committed by a Cohort of Fraudsters" Published Online
WILLBROS : Harwood Feffer LLP : Announces Investigation of Willbros Group, Inc.
NEWCASTLE INVESTMENT : Announces Details for Completion of New Senior Spin-Off and Investor Call on October 17, 2014 at 8:30 AM ET
FOXTONS : Downgrades Full-Year Earnings Guidance On Poor Third Quarter
BLOOMSBURY PUBLISHING : Unaudited Interim Results for the six months ended 31 August 2014
Most Read News
1d ago ATMEL : Patent Issued for Apparatus and Method for Increasing the Quantity of Discrete Electronic Components in an Integrated Circuit Package
1d ago TERADYNE : beats Street 3Q forecasts
1d ago EXELON : ICC Approves ComEd’s Grand Prairie Gateway Project
1d ago AT&T revenue misses forecasts as more customers bring own phones
46m ago Tesco scraps profit outlook as accounting black hole deepens
Most recommended articles
1m agoDJBOE'S BROADBENT : ECB Private Sector Asset Purchases Could be More Powerful Than QE
3m agoDJEurozone PMI Picked Up Slightly in October -- Survey
7m ago Europe's banks face moment of truth from ECB review
21m ago Hyundai Motor eyes dividend hike to soothe investors; shares surge
22m agoDJMARKET SNAPSHOT : U.S. Stocks: Futures Climb; 3M, GM Results On Tap
Dynamic quotes  
ON
| OFF