Quebec and Canada invest $123,000 in CEPSA Chimie Bécancour
by CM Staff
These investments will reduce energy costs, improve energy efficiency and reduce greenhouse gases from CEPSA's facility.
OTTAWA — On Mar. 5, Quebec’s Minister of Energy and Natural Resources, Jonatan Julien, together with Canada’s Minister of Natural Resources, Seamus O’Regan Jr., announced investments of over $123,000 for CEPSA Chimie Bécancour, a petrochemical company with a manufacturing process that represents a major shift in the elimination of environmental hazards. CEPSA also contributed to the project, for a total investment of $171,000.
These investments will reduce energy costs, improve energy efficiency and reduce greenhouse gases from CEPSA’s facility. The company will also contribute its findings to a pool of knowledge in the field of process integration — a global energy analysis of how organizations can best use and recover heat.
The Government of Quebec’s $83,000 investment in this project is provided by EcoPerformance, a program implemented as part of the 2030 Plan for a Green Economy. The $40,000 federal investment is provided by Natural Resources Canada’s Energy Efficiency for Industry Program, which helps fund Canadian industrial facilities’ energy management projects.
The governments of Quebec and Canada are trying to support green infrastructure projects that will create good jobs and advance Canada’s green future. Increasing the energy efficiency of Canada’s industrial sector will hopefully help achieve net-zero greenhouse gas emissions by 2050.
“This financial support enables CEPSA Chimie Bécancour to design and implement a strategic action to minimize its thermal energy needs and reduce its operating costs. The Quebec government is proud to support companies in their energy transition projects. EcoPerformance is one of Quebec’s flagship programs, mainly thanks to carbon market revenues.” said Jonatan Julien, Quebec’s Minister of Energy and Natural Resources.