Federal government invests in two cleantech manufacturers

MISSISSAUGA — On Aug. 13, Filomena Tassi, Minister responsible for the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), announced funding for Next Hydrogen Corporation, a Mississauga-based clean tech company that supports sustainable practices by manufacturing electrolyzers that use water and electricity to produce clean hydrogen for use as a renewable energy source.

Next Hydrogen Corporation is taking on new manufacturing processes to increase production of its cost-effective electrolyzer modules for large-scale, green hydrogen producers. With a $2-million repayable investment, the company will be able to strengthen its clean energy production, reduce greenhouse gas emissions and address increased demand from clients, including those in the transportation and industrial sectors.

In addition, Pulp Moulded Products Inc., a Newmarket-based clean tech manufacturer specializing in recyclable and compostable molded fibre packaging for the food and beverage, automotive and electronics markets, will scale its operations through the addition of new pressing and manufacturing lines. Through a $1.3-million repayable investment, the company will be able to support the increased demand from clients looking to reduce single-use plastic packaging in favour of more sustainable, eco-friendly alternatives.

“Clean technology companies, like Next Hydrogen and Pulp Moulded Products, are crucial in enabling Canada to meet its carbon reduction objectives. Investments in clean technology bolster Canada’s position as a global leader in green manufacturing and support a cleaner future for all while creating sustainable jobs,” says Filomena Tassi, Minister responsible for the Federal Economic Development Agency for Southern Ontario (FedDev Ontario).

“With this support for Next Hydrogen Corporation and Pulp Moulded Products, the Government of Canada is investing in new southern Ontario-made innovations to help Canada transition to a cleaner economy. Today’s announcement demonstrates the strength of our local clean tech and manufacturing companies,” says Iqwinder Gaheer, Member of Parliament for Mississauga–Malton.