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Ontario, Canadian governments investing $16M in energy cost savings projects for food processing
January 22, 2024 By Greenhouse Canada
Jan. 22, 2024 – The governments of Canada and Ontario are investing over $16 million worth of energy cost savings projects to help food processing businesses increase energy efficiency and lower their costs through the Sustainable Canadian Agricultural Partnership (Sustainable CAP)
The cost-shared funding, provided through the Agri-Food Energy Cost Savings Initiative will help 30 food processors lower their energy costs to be more competitive and sustainable. The Initiative is focused on supporting projects that prioritize energy efficiency by investing in new technology, equipment, as well as building or facility modifications. This funding will contribute to an anticipated $3 million in annual operational cost savings for recipient businesses.
Under the Agri-Food Energy Cost Savings Initiative, applicants could receive up to 20 per cent cost share funding for eligible costs, to a maximum of $300,000, per business. Projects supported through the initiative are to be completed by March 31, 2025.
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