4 March, 2016 - Edmonton - Innovation, Science and Economic Development Canada
MP Iqra Khalid, today celebrated a $3,336,960 investment in local clean technology in the Mississauga – Erin Mills area.
MP Khalid welcomed this news following a national announcement made in Edmonton by the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development, of investments totalling over $206 million to support 36 cleantech projects in five provinces across Canada.
The projects are being supported by Government of Canada’s investment in SDTC’s SD Tech Fund and SDTC’s NextGen Biofuels Fund.
SDTC’s mandate is to support Canadian cleantech at a critical point in the innovation spectrum, allowing companies to develop and demonstrate their technologies prior to market entry. The companies behind these projects are using their forward-thinking innovations to drive economic and environmental benefits, to create jobs and help strengthen Canada’s middle class.
Hon. Navdeep Bains, Minister of Innovation, Science and Economic Development - “Canadians understand that a strong economy and a clean environment go hand-in-hand. Now is the time for Canadian companies to capture their share of the emerging global market for clean technology. From waste management, to biofuels, to greener solutions for the oil and gas industry, the Canadian companies being supported today are leading the world in intelligent, environmentally responsible and economically sound solutions across a number of key economic sectors.”
Irqra Khalid, MP, Mississauga, Erin Mills - “It is not a surprise that a local business such as, Imtex Membranes Corp, would excel at creating projects that enhance a greener Canada for future generations. I am proud today to distinguish this extraordinary corporation from Mississauga – Erin Mills”
Glenn Towe, President and CEO, Imtex Membranes Corp - “Imtex Membranes Corp. is pleased to have received funding approval from SDTC in support of the further development and field demonstration of our PermyleneTM membrane technology. This new technology for the separation of olefins from paraffins is anticipated to have a significant impact on the petrochemical industry. We are honoured to be the sole organization in the Mississauga-Erin Mills federal riding to have an SDTC project approved in this round of funding. SDTC support will facilitate and accelerate the path to commercialization for this breakthrough technology, ensuring that the energy efficiency, reduced emissions and operational cost reduction that it offers to petrochemicals producers around the world will be accessible as soon as possible.”