June 3, 2013, Leamington, ON — Competitive Green Technologies will commercialize a "green" bio-plastic that can be used in flower pots, thanks to a $360,000 investment by the federal Agricultural Innovation Program.
The repayable contribution will allow Competitive Green Technologies to purchase and install the equipment it needs to produce biopolymer resin compounds from non-food biomass fibres. The technology used to formulate bio-resins was developed by the Bioproducts Discovery and Development Centre at the University of Guelph.
Competitive Green Technologies has acquired a 10-year exclusive North American licence on the technology.
"This investment has facilitated the commercialization of the first Canadian grown agricultural fibres-based bio-composites for consumer markets. It is truly a harbinger of the development of a local bio-economy — close to where the ag fibers are grown,” said Mike Tiessen, president of Competitive Green Technologies. “It will set the stage for agri-innovation and help Canadian agriculture to integrate with the manufacturing sector, improve environmental sustainability and support an emerging bio-economy."
The funding was announced on May 31, by Chatham-Kent-Essex MP Dave Van Kesteren, on behalf of Agriculture Minister Gerry Ritz.
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