Canada’s Ocean Supercluster announced its largest project to date, the $65 million Clean Ocean Advanced Biofuels Project.
In the project, Ontario-based Valent will work with a pan-Canadian team to produce Canada’s first renewable diesel from abundantly available agricultural and forestry by-products.
A major ocean industry challenge is the need for a range of environmentally sustainable, low greenhouse gas (GHG) emission, and low-sulphur marine fuels available to end-users at a competitive cost that are compliant with current and future fuel regulations
said the Clean Ocean Advanced Biofuels project, which will address these challenges by introducing a low carbon biofuel across the marine ecosystem.
For the development of the Clean Ocean Advanced Biofuels Project, Valent Low Carbon Technologies will work with partners FORGE Hydrocarbons, Mara Renewables, Clearwater, Katal Energy, Horizon Maritime, and Sustainable Development Technology Canada to produce fuel and solvents to be used in industry and a hydrocarbon material with improved nutritional value for human health products.
With a total value of $65 million dollars, the Ocean Supercluster will provide nearly $5.7 million with the balance coming from the project’s industry and government partners.
The success of the Clean Ocean Advanced Biofuels Project will drive Canadian renewable diesel production and supply, reduce imports, and foster international market exports.
The emission reductions from Valent’s suite of technologies will positively impact local marine life and air quality, supporting Canada’s transition to a more sustainable future.
