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Ontario's TargetGHG Program: Markham-Based Pond Technologies Receives $5-Million in Funding

Pond TechnologiesCommercial Algae Carbon Capture: Converts gases from steel mill into biofuel, reducing GHG emissions as well as transforming them into marketable products. Dollar value of the project is $13.9 million from OCE and partners.
Categorized in: Business, Information Communications & Technology, Major Investments, Startups & Innovation Posted on: Last updated on: Written by:

Pond TechnologiesOntario announced the first recipients of TargetGHG — a program that helps companies adopt leading-edge technologies in order to reduce greenhouse gas emissions (GHG), while supporting entrepreneurs working on innovative ways to fight climate change.

Commercial Algae Carbon Capture (Pond Technologies, Stelco, SNC-Lavalin): Converts gases from steel mill into biofuel, reducing GHG emissions as well as transforming them into marketable products. Dollar value of the project is $13.9 million from OCE and partners.

Full Article: news.ontario.ca