Ontario Makes Historic Investment to Expand Forest Sector Innovation

By Natural Resources and Forestry
The Government of Ontario
March 1, 2024
Category: Carbon, Climate & Bioenergy
Region: Canada, Canada East

TIMMINS – The Government of Ontario is making an historic investment of $60 million in the Forest Biomass Program. Over the next three years, the program will make targeted investments in forest sector initiatives to develop the economic potential and environmental benefits of underutilized wood and mill by-products, known as forest biomass. “This new Forest Biomass Program funding will grow businesses, strengthen communities and put workers to work,” said Graydon Smith, Minister of Natural Resources and Forestry. “We are investing in the technology, the people and the expertise that drive our forest sector into the future – and together, we are achieving our government’s plan for forest sector prosperity.” The announcement of additional funding follows the Forest Biomass Program’s third phase of investment, which committed more than $6.1 million to 12 research, innovation and modernization initiatives.

Additional coverage from the Ontario Forest Industries Association: Ontario Forest Industries Association Applauds Government’s $60 Million Investment in Forest Biomass Program

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