Contribution: Contributions in support of Investments in the Forest Industry Transformation Program
9474-9785 QUEBEC INC.
$7,500,000.00
Transformation of wood residues into value-added biochar products and carbon sequestration
FY 2022-23 · 2022-11-24
Summary
The objective of this Project is to build and operate a biochar production plant to provide decarbonisation and carbon sequestration solutions to increase the environmental performance of natural resources sectors.
Department
Program
Contributions in support of Investments in the Forest Industry Transformation ProgramContributions in support of Investments in the Forest Industry Transformation Program (linked with high confidence)
Recipient
Location
LAVAL | LAVAL, Quebec, Canada
Recipient Type
For-profit organization
Type
Contribution
Source
Proactive Disclosure - Grants and Contributions
As published
Additional Information
Grant or contribution awarded and spanning more than one fiscal year.
Additional Information (French)
Subvention ou contribution octroyée s'appliquant à plus d'un exercice financier.
Agreement End Date
2024-03-31
Agreement Number
IFIT6B_AIREX
Agreement Start Date
2022-11-24
Agreement Title
Transformation of wood residues into value-added biochar products and carbon sequestration
Agreement Title (French)
Transformation des résidus de bois en produits de biochar à valeur ajoutée et séquestration du carbone
Agreement Type
Contribution
Agreement Value
$7,500,000.00
Amendment Number
0
Description
The objective of this Project is to build and operate a biochar production plant to provide decarbonisation and carbon sequestration solutions to increase the environmental performance of natural resources sectors.
Description (French)
L'objectif de ce projet est de construire et d'exploiter une usine de production de biochar pour apporter des solutions de décarbonation et de séquestration du carbone et augmenter la performance environnementale des secteurs des ressources naturelles.
Expected Results
Diversify and advance Markets: The expected results will diversify markets with new, higher value products (new biomaterials, advanced building products and construction materials)
Expected Results (French)
Diversifier et faire progresser les marchés : Les résultats escomptés permettront de diversifier les marchés grâce à de nouveaux produits à plus forte valeur ajoutée (nouveaux biomatériaux, produits de construction avancés et matériaux de construction).
Foreign Currency Type
CAD
Foreign Currency Value
$0.00
Organization Code
nrcan-rncan
Organization
Natural Resources Canada | Ressources naturelles Canada
Program Name
Contributions in support of Investments in the Forest Industry Transformation Program
Program Name (French)
Contributions à l'appui du programme Investissements dans la transformation de l'industrie forestière
Program Purpose
The objective of Investments in Forest Industry Transformation is to support forest industry transformation that will make the forest industry more commercially and environmentally more sustainable by investing in innovative technologies that lead to a more diversified, higher-value product mix including bioenergy, biomaterials, biochemicals, and next generation building products.
Program Purpose (French)
Le programme des Investissements dans la transformation de l'industrie forestière a pour but d'appuyer ladite transformation qui rendra l'industrie forestière plus durable sur le plan commercial et environnemental en investissant dans des technologies novatrices qui mènent vers une gamme de produits plus diversifiés et de plus grande valeur, y compris la bioénergie et l'énergie renouvelable, ainsi que les biomatériaux, les produits biochimiques et les matériaux de construction de prochaine génération.
Recipient City
LAVAL | LAVAL
Recipient Country
CA
Recipient Legal Name
9474-9785 QUEBEC INC.
Recipient Postal Code
H7C 0A5
Recipient Province or Territory
QC
Recipient Type
F
Reference Number
115-2022-2023-Q3-13127
