Minister Mendicino Announces New Funding For GNT and CBBP
October 15, 2020 — The Honourable Marco Mendicino, Minister of Immigration, Refugees and Citizenship, on behalf of the Honourable Seamus O’Regan, Canada’s Minister of Natural Resources, announced a $1.2 million investment in GreenNano Technologies Inc. (GNT), a Toronto-based company, to scale up production of a new lightweight wood-fibre–based composite material to create automotive parts using an innovative process. GNT is supported by the University of Toronto’s CENTRE FOR BIOCOMPOSITES & BIOMATERIALS PROCESSINGis also collaborating with Ford Canada’s Power Engineering Research and Development Centre, located in Windsor, Ontario, to test the new material in the production of lightweight car parts.
“This is another example of the incredible innovation coming out of our forest sector. It is always exciting to see Canadian companies developing new products that will benefit Canadians.”
The Honourable Marco Mendicino
Minister of Immigration, Refugees and Citizenship
“Using forest products in the automotive sector is a great example of the high-tech future of forestry. Companies like GreenNano Technologies are creating good jobs and finding new markets for Canadian wood.”
The Honourable Seamus O’Regan
Canada’s Minister of Natural Resources
“We are pushing our boundaries to transform green innovations in achieving cost-effective, high-throughput technical products, which are energy-efficient and environmentally sound. We are very proud of the project we are undertaking, and we are excited about the partnership we have developed with Natural Resources Canada.”
Samir Konar, Vice-President
GreenNano Technologies Inc.