Fed funding to help power bio-fuel plant
The firm has signed a 25-year power supply contract with Hydro-Québec Distribution
SAINT-PATRICE-DE-BEAURIVAGE, QUE—Renewable energy producer Innoventé Inc. has received $400,000 in repayable funding from the Economic Development Agency of Canada for the Regions of Quebec.
“Our Government believes economic prosperity is achieved through investments like the one Innoventé Inc. is about to make to boost its production capabilities and become more competitive,” said Jacques Gourde, Member of Parliament for Lotbinière-Chutes-de-la-Chaudière.
Innoventé has developed a “bio-drying” technology to convert various types of organic waste—including pulp and paper sludge, municipal sewage and manure—into a renewable fuel source for the production of electricity and heating energy.
The firm has signed a 25-year power supply contract with Hydro-Québec Distribution.
The financial support will help Innoventé purchase and install three bio-dryers and ramp-up to industrial-scale production at its Saint-Patrice-de-Beaurivage cogeneration plant.