Canada: The Cement Association of Canada has applauded the Government of Canada's announcement that it will invest almost US$1m in Ontario-based Pond Biofuels for the advancement of Canadian biofuel technology and expertise. The investment will be made under the Federal Economic Development Agency for Southern Ontario's 'Investing in Business Innovation' initiative.
The contribution will help Pond Biofuels complete a pilot demonstration of a technology developed jointly with St Marys Cement to capture and convert CO2 and other emissions from the cement manufacturing process into oxygen and biomass.
"This technology pioneered by Pond Biofuels in partnership with St Marys Cement speaks to the Canadian cement industry's commitment to innovation and commitment to reducing its carbon footprint," said Michael McSweeney, President and CEO of the Cement Association of Canada. "Government support plays a critical role in fostering innovation and we warmly welcome the investment in this groundbreaking initiative as an important step in the future of sustainable development for Canada's cement industry."