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Cabinet officials

Governments of Quebec and Canada Invest in Energy Efficiency Projects to Boost Competitiveness and Reduce Greenhouse Gas Emissions

Strategic Insights

— 2 min read

The Governments of Quebec and Canada are investing in initiatives that aim to build a clean energy future and contribute to a healthier environment. The investment of over $123,000 for CEPSA Chimie Bécancour, a petrochemical company with a revolutionary manufacturing process, represents a major breakthrough in the elimination of environmental hazards. The company's investments will reduce energy costs, improve energy efficiency, and reduce greenhouse gases from their facility. The project also involves the sharing of knowledge and findings in the field of process integration, a global energy analysis of how organizations can best use and recover heat.

Key Takeaways:

  • The Governments of Quebec and Canada are investing in energy efficiency initiatives to boost competitiveness and reduce greenhouse gas emissions.
  • CEPSA Chimie Bécancour received an investment of over $123,000 from the Governments of Quebec and Canada to implement a strategic action to minimize its thermal energy needs and reduce its operating costs.
  • The company's investment of $171,000, in combination with the government investment, will help reduce energy costs, improve energy efficiency, and reduce greenhouse gases from CEPSA's facility.
  • The Governments of Quebec and Canada continue to support green infrastructure projects that will create good jobs and advance Canada's green future.
  • Increasing the energy efficiency of Canada's industrial sector will help achieve net-zero greenhouse gas emissions by 2050.
  • The project is part of the 2030 Plan for a Green Economy, which aims to support the implementation of energy efficiency and energy conversion projects.
  • The investment is also supported by Natural Resources Canada's Energy Efficiency for Industry Program, which helps fund Canadian industrial facilities' energy management projects.

Statistics:

  • The total investment for the project is over $294,000, with CEPSA Chimie Bécancour contributing $171,000 and the Governments of Quebec and Canada investing $123,000.
  • The Government of Quebec's investment is provided by EcoPerformance, a program implemented as part of the 2030 Plan for a Green Economy, which has set aside $579.2 million to support the implementation of energy efficiency and energy conversion projects.
  • The project aims to reduce greenhouse gas emissions and improve energy efficiency, which is expected to account for a third of the way to Canada's Paris Agreement targets.
  • The implementation of energy efficiency projects, like the one at CEPSA Chimie Bécancour, will help reduce energy costs and improve competitiveness in the industrial sector.

Sources:

  • [CNW] - "Governments of Quebec and Canada invest in energy efficiency projects"
  • [Natural Resources Canada] - "Energy Efficiency for Industry"
  • [Natural Resources Canada] - "Follow us on Twitter: @NRCan"

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