Canada’s Ocean Supercluster has announced a CAD $65 million new project that will produce the country’s first renewable marine diesel from agricultural and forestry by-products.
Announced yesterday (8 February), the Clean Ocean Advanced Biofuels Project is aiming to introduce a low carbon biofuel across the marine ecosystem.
For the development of the project, Valent Low Carbon Technologies will work with partners FORGE Hydrocarbons, Mara Renewables, Clearwater, Katal Energy, Horizon Maritime, and Sustainable Development Technology Canada to produce fuel and solvents to be used in industry and a hydrocarbon material with improved nutritional value for human health products.
With a total value of $65 million dollars, the Ocean Supercluster will provide nearly $5.7 million with the balance coming from the project’s industry and government partners.
The success of the project, the consortium noted, is expected to drive Canadian renewable diesel production and supply, reduce imports, and foster international market exports.
‘Innovation comes from bringing people together to solve real-world challenges. Through this project, the Ocean Supercluster and its partners will actively support Canada’s transition to a more sustainable future,’ said François-Philippe Champagne, Minister of Innovation, Science and Industry. ‘This groundbreaking project will produce Canada’s first renewable diesel—positively impacting marine life while also reducing greenhouse gas emissions—and create more than 150 jobs.’
Kendra MacDonald, CEO, Canada’s Ocean Supercluster, added: ‘The sustainable development of our ocean economy is one of the most important opportunities of our time. The $65M Clean Ocean Advanced Biofuels project is not only our largest project to date but the collaboration of its pan-Canadian partners is a testament to what we can achieve when we work together.
‘This transformational project will help shape Canada’s future as a leader in low-carbon fuel production.’