Ontario invests in the commercial biorefinery of Comet Biorefining to support agri-food sector

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Type of post: FLASH NEWS.

The Ontario Government is investing up to 8 M$ in Comet Biorefining through its Jobs and Prosperity Fund - Food and Beverage Growth Fund. The finance will help to establish the commercial-scale biorefinery of this company in Sarnia (Ontario, Canada) whose total investment amounts to 79.8 M$. The new production plant will create 82 new direct jobs and 158 new indirect jobs. The Comet's proprietary technology allows for the conversion of local agricultural residues (wheat straw, corn stover and wood products) into high purity ingredients, boosting the agri-based value chain and the emerging bioproduct ecosystem in Sarnia.

Press release of the Ontario Government: “Ontario Helping to Create Jobs and Support Agri-food Sector in Sarnia”, 4/5/2018.
More info about the biorefinery project of Comet Biorefining in Sarnia: “Comet Biorefining raises equity to build its commercial plant for 2G dextrose in Sarnia”, 1/3/2017.

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