OTTAWA—The government of Ontario and its federal counterpart have combined to provide $1.5 million to two Ontario seafood companies.
Cole-Munro Foods Groups is using the contribution to invest in replacing on-site refrigeration trucks with new refrigeration storage facilities that will reduce CO2 emissions by up to 175.2 tons per year. A facility expansion will increase the total processing space by 27,000 square feet, increasing capacity and creating 60 new jobs and supporting 40 existing positions. The funding will also allow for the production of additional and new higher-value cuts of fish and improved use of non-consumable parts of the fish to produce additional byproducts.
Lyndon Fish Hatcheries will benefit from installing water turbines to capture natural water flows, improving oxygen levels in the hatchery tanks and reducing the overall energy requirements.
The federal portion of the money, more than $1 million, came from Fisheries and Oceans Canada’s Fisheries and Aquaculture Clean Technology Adoption Program. The Government of Ontario is investing over $570,000 towards Cole-Munro’s project through the Southwestern Ontario Development Fund.
Canada’s Fisheries and Aquaculture Clean Technology Adoption Program was set up to provide up to $20 million to the Canadian industry over four years. The program will help Canada’s fisheries and aquaculture sectors incorporate existing clean technologies into their day-to-day operations.
- Cole Munro Foods Groups Inc. received $1 million over two years to improve energy savings from Fisheries and Oceans Canada.
- Ontario is investing $576,212 in Cole-Munro Foods Groups from the Southwestern Ontario Development Fund supporting an additional investment of $4,816,080 from the company.
- Lyndon Fish Hatcheries received $22,000 to improve energy savings and increase oxygen levels in the hatchery tanks from Fisheries and Oceans Canada.
- Fisheries and Oceans Canada announced the Fisheries and Aquaculture Clean Technology Adoption Program on December 18, 2017.
- The program will provide up to $20 million over four years (2017-2021) to help Canada’s fisheries and aquaculture industries incorporate existing clean technologies into their day-to-day operations.
- The Fisheries and Aquaculture Clean Technology Adoption Program is part of a commitment in Budget 2016 of over $1 billion to support clean technology in Canada’s natural resource sectors.