Area companies are receiving a portion of a $9.1 million investment the province is making in the forest sector.
Officials say the funding will support five research, innovation and modernization projects in eastern Ontario.
The Bancroft Minden Forest Company is receiving $20,000 to complete a study of current and emerging forest biomass opportunities.
Killaloe Wood Products is receiving $952,437 to improve industry competitiveness and reduce fossil fuel via mobile equipment to make more forest biomass available for bioenergy production.
Haliburton Forest Biochar is receiving more than $4.6 million to acquire new technology enabling a more efficient biochar production….a substance used in power generation, soil amendment and water filtration.
Officials say the investments will help boost Ontario’s forest sector’s competitive advantage by creating new jobs and increasing productivity.
