Sarnia, ON – The Federal Economic Development Agency for Southern Ontario (FedDev Ontario) is providing $12-million to Bioindustrial Innovation Canada to support the Centre for the Commercialization of Sustainable Chemistry Innovations, located at the Western Sarnia-Lambton Research Park. The new centre will provide businesses with assistance in bringing new products from final testing to market.
The government says the project is expected to create 478 full-time equivalent jobs and result in 250 new industrial collaborations, especially among small- and medium-sized businesses.
The grant will also support a fund to help small and medium-sized businesses access the investment money they need to scale-up their businesses.
The overall goal of the centre is to assist the region in transitioning from an economy based on petrochemicals and refined petroleum to one based on clean technologies that emit lower carbon emissions and are more energy-efficient.
BIC also recently received $3 million from the Ontario government to support the new centre.