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Canada: Ocean Supercluster announces USD 65 million clean advanced biofuels project

10 Feb 2022

Canada’s Ocean Supercluster, an industry-led transformational group, recently announced a USD 65 million clean advanced biofuels project – its largest project to date.

Under this project, Valent, an Ontario company, will work with a pan-Canadian team to produce Canada’s first renewable diesel fuel made from abundantly available agricultural and forestry by-products.

One of the major challenges for the ocean industry is the need to have access to a range of environmentally sustainable low sulphur, low greenhouse gas (GHG) marine fuels, at a cost competitive and compliant with current and future fuel regulations.

The Clean Ocean Advanced Biofuels project will provide the opportunity to address these challenges by bringing low-carbon biofuel to the marine ecosystem.

For the development of the Clean Ocean Advanced Biofuels project, Valent Low Carbon technologies will collaborate with its partners FORGE Hydrocarbons, Mara Renewables, Clearwater, Katal Energy and Horizon Maritime as well as Sustainable Development Technologies of Canada to produce fuels and solvents for the industry and a hydrocarbon with enhanced nutritional value for health products for human use.

Of the total project value of USD 65.2 million, the Ocean Supercluster will provide funding of nearly $5.7M to complement funding from industry and government partners.

The success of the Clean Ocean Advanced Biofuels project will boost the production and supply of renewable diesel in Canada. In addition, it will reduce imports and promote exports on the international market.

The Advanced Biofuels project will also stimulate job creation across Canada; that is more than 150 direct jobs during its realisation.

Cumulative emission reductions from Valent’s suite of technologies will have positive impacts on local marine life and air quality; which will contribute to Canada’s transition to a more sustainable future.

Quotes

“Innovation happens when people work together to find solutions to real challenges. Through this project, the Ocean Economy Supercluster and its partners will actively support Canada’s transition to a sustainable future. In addition to creating more than 150 jobs, this innovative project will produce Canada’s first renewable diesel, which will positively impact marine life and reduce greenhouse gas emissions. – The Minister of Innovation, Science and Industry, the Honorable François-Philippe Champagne

“The sustainable development of our ocean economy is one of the greatest opportunities of our time. The $ 65M Clean Ocean Advanced Biofuels Project is not only our largest project to date, but the collaboration of its pan-Canadian partners is a testament to what we can accomplish when We work together. This transformational project will help shape Canada’s future as a leader in the production of low-carbon fuels. – Kendra MacDonald, CEO of Canada’s Oceans Supercluster

“With over 50,000 merchant ships sailing around the world, we face a huge challenge to reduce shipping emissions in the ocean economy. The financial support from the Oceans Supercluster and its extensive network of collaborators is fostering an accelerated and collaborative path to building the renewable fuels value chain for marine transportation.” – Karlis Vasarais, co-founder and VPE, Valent Low-Carbon technologies

“The key to the widespread adoption of renewable fuels in the marine sector lies in the abundance of renewable feedstocks and how to convert these feedstocks into a fungible, low-carbon liquid fuel. Funding from the Oceans Supercluster enables our consortium to make the Canadian Maritimes a world leader in the production of low-carbon marine fuel. – Tim Haig, Founder and CEO, FORGE Hydrocarbons

“Mara is pleased to play a leading role in this critical project by facilitating the transition to more sustainable practices and prioritizing the future of our oceans and our planet. Our talented team will harness the wonders of the ocean and Mara’s plant biotechnology to ensure a greener, stronger future for all of Canada. – Arturo Ania, CEO of Mara Renewables Corporation

 

Photo credit: Ocean Supercluster
Published: 10 February, 2022

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