Canada grants $1M to Pond Biofuels’ algal fuels technology

July 2, 2012 |

In Canada, the federal government announced a $1 million investment in Ontario-based Pond Biofuels, which uses cement manufacturing off-gases to provide CO2 and process heat for algae production in cold, northern regions.

“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,” said, in a released statement. “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.”

Cement sales in Canada topped $8 billion last year.

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