Ontario welcomes $165M investment in biofuel manufacturing
Source: Ontario Newsroom | Department: Economic Development, Job Creation and Trade
EAST GWILLIMBURY — The Ontario government is welcoming an investment of more than $165 million by the Convertus Group to build a new, state-of-the-art biofuel facility in York Region, converting organic waste into renewable energy. Leveraging the province’s skilled workforce, this investment will create 52 good-paying jobs for the local economy and further position Ontario as a leader in waste treatment, processing and renewable energy. In support of Convertus Group’s investment, Ontario is providing $2 million in funding through the Advanced Manufacturing and Innovation Competitiveness (AMIC) stream of the Regional Development Program (RDP).
“Convertus’ investment serves not only as a vote of confidence in our municipalities, manufacturers, and workers, but in Ontario’s role as a reliable and trusted partner for growth,” said Vic Fedeli, Minister of Economic Development, Job Creation and Trade. “Through the Regional Development Program, our government is proud to support a company that is increasing our resilience and self-reliance across domestic supply chains and reinforcing the province’s leadership in next-generation technologies and solutions.”