Federal government announces $1.48M in funding for extractX Inc.
This funding helped extractX complete the final stages of research and development for its proprietary, fully-automated extraction technology.
Research & Development
Technology / IIoT
Mining & Resources
WELLAND — On Jul. 7, Marie-Claude Bibeau, Parliamentary Secretary Neil Ellis and MP Vance Badawey, highlighted funding of up to $1.48 million for extractX Inc. to develop a mobile, ethanol-based extraction lab for biomass processing.
The announcement took place at extractX’s head offices in Welland, ON.
This funding helped extractX complete the final stages of research and development for its proprietary, fully-automated extraction technology. The company’s process uses ethanol, which helps reduce greenhouse gas emissions compared to other processes widely used in the industry. As a mobile unit, extractX is able to bring environmentally-efficient processing facilities to producers across Canada and around the world.
The project is funded through the original Agricultural Clean Technology Program, a $25-million, three-year (2018-2021) investment to support research, development and adoption of clean technologies. The Government of Canada recently launched the new $165.7-million Agricultural Clean Technology Program, which provides farmers and agri-businesses with access to funding to help develop and adopt the latest clean technologies to reduce greenhouse gas (GHG) emissions and enhance their competitiveness.
“In the face of the new climate reality, we must double down on our efforts, particularly by speeding up the adoption of more environmentally-friendly practices and energy efficient technologies to further reduce our emissions and be leaders in sustainable agriculture. This is what Canadian and international consumers are asking for, and today’s announcement for extractX is a great example of how the Government of Canada is supporting these efforts.” said Neil Ellis, Parliamentary Secretary to the Minister of Agriculture and Agri-Food.
“Canada’s agriculture and agri-food sector continues to innovate to reduce the environmental impact of its practices. By investing in clean technologies, we are contributing to a smaller carbon footprint and a better future, while supporting businesses like extractX so they can help grow the local economy and the agriculture sector as a whole.” said Vance Badawey, MP for Niagara Centre.