Two southern Ontario clean tech companies to increase production of sustainable manufacturing innovations with Government of Canada support
Southern Ontario is home to many leading clean tech manufacturers on the cutting edge of innovation. The Government of Canada remains committed to supporting Canadian businesses and organizations as they meet the demands for new sustainable practices and products to support a zero-emissions future.
Today, the Honourable Filomena Tassi, Minister responsible for the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), announced funding for Next Hydrogen Corporation, a Mississauga-based clean tech company that supports sustainable practices by manufacturing innovative electrolyzers that use water and electricity to produce clean hydrogen for use as a renewable energy source.
Next Hydrogen Corporation is taking on new manufacturing processes to increase production of its innovative, next-generation, cost-effective electrolyzer modules for large-scale, green hydrogen producers. With a $2-million repayable investment, the company will be able to strengthen its clean energy production, reduce greenhouse gas emissions and address increased demand from clients, including those in the transportation and industrial sectors.
In addition, Pulp Moulded Products Inc., a Newmarket-based clean tech manufacturer specializing in recyclable and compostable molded fibre packaging for the food and beverage, automotive and electronics markets, will scale its operations through the addition of new pressing and manufacturing lines. Through a $1.3-million repayable investment, the company will be able to support the increased demand from clients looking to reduce single-use plastic packaging in favour of more sustainable, eco-friendly alternatives.
The Government of Canada is investing in small businesses and organizations that are creating sustainable jobs and clean economic growth in southern Ontario.
