Government of Canada Invests in Clean Technology for Canada's Agriculture and Agri-Food Sector

Strategic Insights -

The Honourable Marie-Claude Bibeau, Minister of Agriculture and Agri-Food, and Parliamentary Secretary Neil Ellis announced funding of up to $1.48 million for extractX Inc. to develop a mobile, ethanol-based extraction lab for biomass processing. This investment is part of the Government of Canada's commitment to reducing greenhouse gas emissions and promoting sustainable growth in the agriculture and agri-food sector. The funding will enable extractX to complete the final stages of research and development for its proprietary, fully-automated extraction technology, which uses ethanol to reduce greenhouse gas emissions.

Key Takeaways:

  • The Government of Canada has invested up to $1.48 million in extractX Inc. to develop a mobile, ethanol-based extraction lab for biomass processing.
  • The funding is part of the original Agricultural Clean Technology Program, a $25-million, three-year investment to support research, development, and adoption of clean technologies.
  • The Government of Canada has launched a new $165.7-million Agricultural Clean Technology Program to support farmers and agri-businesses in developing and adopting the latest clean technologies to reduce greenhouse gas emissions.
  • The extractX technology uses ethanol, which reduces greenhouse gas emissions compared to other processes widely used in the industry.
  • The company's mobile unit enables them to bring environmentally-efficient processing facilities to producers across Canada and around the world.
  • The Government of Canada is supporting the adoption of more environmentally-friendly practices and energy-efficient technologies to reduce emissions and enhance competitiveness in the agriculture and agri-food sector.
  • Vance Badawey, Member of Parliament for Niagara Centre, stated that "Canada has an incredible international reputation for the highest standards in hemp and cannabis regulation, technological innovation, and business practices to support cultivators, processors, and the pharmaceutical industry achieve efficient and more environmentally-friendly extraction."
  • extractX's innovative solution includes extremely high-quality CBD and THC distillate production in a small mobile footprint while reducing CO2 emissions.
  • The company's Co-CEOs, Albert Iannantuono and Collin Stone, expressed their gratitude for the Agricultural Clean Technology program's contribution to the commercialization and distribution of their game-changing technology.

Statistics:

  • $1.48 million: funding allocated to extractX Inc. to develop a mobile, ethanol-based extraction lab for biomass processing
  • $25 million: original investment in the Agricultural Clean Technology Program to support research, development, and adoption of clean technologies
  • $165.7 million: new investment in the Agricultural Clean Technology Program to support farmers and agri-businesses in developing and adopting the latest clean technologies
  • 2018-2021: time period for the original Agricultural Clean Technology Program
  • 2021: current year for the new Agricultural Clean Technology Program

Sources:

  • Minister of Agriculture and Agri-Food, Honourable Marie-Claude Bibeau
  • Parliamentary Secretary Neil Ellis
  • Member of Parliament for Niagara Centre, Vance Badawey
  • extractX Inc.
  • Government of Canada
  • Agricultural Clean Technology Program
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