Canada invests C$4.5 million in Quebecois forestry bioproducts company

September 9, 2020 |

In Canada, the Canadian government is investing C$4.5 million in CRB Innovations, a technology company based in Sherbrooke, Quebec, to support the eco-sustainable development of the forest sector.

The Quebec government also invested $2.5 million from the Wood Innovation Program, managed by the Ministry of Forests, Wildlife and Parks, to support the Westbury company. Because the technology demonstration project will make it possible to develop new products in the bioenergy sector as well as bioproducts with a reduced carbon footprint, the Quebec government also granted an amount of C$1.575 million under the Technoclimat Program, which promotes technological innovations in energy efficiency. This includes a five percent increase over the initial assistance granted. This additional fund is one of the various improvement measures put forward by Transition énergétique Québec to help Quebec companies resume their activities.

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