A breakthrough green solvent system being developed by GreenCentre Canada and Switchable Solutions Inc. has been awarded $5.48 million in development funding from the Canadian government. This technology, which was discovered at Queen’s University by Dr. Philip Jessop and licensed to GreenCentre from PARTEQ Innovations, is an economical and environmentally friendly alternative to oil sands processing and plastics recycling.
The funding, from the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), was announced today by Daryl Kramp, Member of Parliament for Prince Edward - Hastings, on behalf of the Honourable Gary Goodyear. This funding will support the design and commissioning of production facilities to recycle post-consumer plastics and to pilot the extraction of bitumen from oil sands without the generation of tailing ponds.
Switchable Solutions, a spinoff company of GreenCentre, is providing matching funding for the $11 million project. The clean technology company is poised to revolutionize oil sands processing and plastics recycling, as well as a series of other processes including remediation of tailing ponds and cuttings from drilling rigs.
“This funding validates the critical role that GreenCentre plays in bridging academic researchers with the needs of commercial industries,” says Mr. Badger, President and CEO of Switchable Solutions. “For Switchable Solutions, today’s announcement is the result of the crucial, hands-on work that GreenCentre has done to ready this discovery for the rigors of industrial applications.”
“The really exciting thing about this technology is its potential to enhance the sustainability of numerous manufacturing industries that provide us with the products and services that underpin our daily lives. It is the essence of what Green Chemistry represents,” says Dr. Rui Resendes, Executive Director of GreenCentre.
About GreenCentre Canada:
GreenCentre Canada is a national Centre of Excellence for commercializing early-stage Green Chemistry discoveries generated by academic researchers and industry. It is funded by the governments of Ontario and Canada, and industry, and it is a member of the provincially funded Ontario Network of Excellence - a network of organizations that help entrepreneurs turn innovative ideas into jobs. GreenCentre Canada is dedicated to developing environmentally friendly alternatives to traditional chemical and manufacturing products and practices. It is governed and operated with the assistance of industry members from across the chemical value chain. The centre is located at Innovation Park at Queen’s University in Kingston, Ontario, Canada.
About Switchable Solutions:
Switchable Solutions Inc. is a clean technology company focused on enhancing the profitability of its customers while at the same time making a positive impact to the environment. The Company’s proprietary Green solvent-based platform technology enables efficient, effective and environmentally friendly industrial and resource processing.