From www.theobserver.ca The Observer
Another emerging technology company is moving to Sarnia, the Sustainable Chemistry Alliance said Wednesday.
Solutions4CO2 will locate a demonstration facility and its global headquarters at a still undetermined location in the city.
The company, currently based in Toronto, is working on ways to capture and use carbon dioxide, which can be used to speed the growth of algae for use in biofuels, drugs and other uses.
The Chemistry Alliance is investing $500,000 in a joint financial partnership with a private investment firm, Macquarie Private Wealth Inc., which also raising money for the venture.
“We worked closely with the Sarnia Lambton Economic Partnership and our government and industry leaders to attract S4CO2 to our world-class hybrid chemistry cluster,” Murray McLaughlin, alliance CEO and president said in a release. “This builds on the recent decision by BioAmber to locate it’s succinic acid plant here.”
The CEO of S4CO2, Doug Kemp-Welch, said Sarnia was chosen over other Canadian centres for the demonstration plant because of the local co-operation it received, as well as the fact local industry already produces carbon dioxide emissions.
“We like to think of ourselves as in the ‘waste gas to coproducts’ business,” he said. “We’re transforming waste gas streams in value-added coproducts.”
The company is looking at a number of sites in Sarnia and hopes to finalize a location by the end of this year. It is also in the process of forming a senior management team.
Observer Article ID# 3363775
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