The Government of Canada announced five projects receiving funding under the Low Carbon Economy Fund.
The Low Carbon Economy Fund is an important part of Canada's clean growth and climate action plans. It invests in projects that reduce greenhouse gas emissions, generate clean growth, build resilient communities, and create jobs for Canadians.
The Low Carbon Economy Fund consists of four funding streams: the Leadership Fund, the Challenge Fund, the Indigenous Leadership Fund, and the Implementation Readiness Fund. Three of the projects announced are being funded by the Challenge Fund, which aims to help organizations adopt proven, low-carbon technologies to cut greenhouse gas emissions. The other two projects are being funded under the Indigenous Leadership Fund, which supports Indigenous-owned and Indigenous-led renewable energy, energy efficiency, and low-carbon heating projects across Canada.
List of projects
Recipient: Sherritt International Corporation
Project title: Boiler Economizer
Project description: Sherritt operates a production facility in Fort Saskatchewan, Alberta, which refines nickel and cobalt and produces ammonia and ammonium sulphate fertilizer. Sherritt currently uses two natural gas-fired steam boilers to provide steam for process use and heating throughout the facility. This project adds economizers to both boilers to preheat the boiler feedwater using waste heat from the boiler stack exhaust. The boiler economizers will increase boiler efficiency, reduce natural gas use, and reduce greenhouse gas emissions from combustion of natural gas.
Province/Territory: Alberta
Funding amount: $1,600,000
