Bioindustrial Innovation Canada welcomes the Government of Ontario’s Low-Carbon Hydrogen Strategy
APRIL 12, 2022 – SARNIA, ONTARIO – Bioindustrial Innovation Canada (BIC) welcomes the Government of Ontario’s Low-Carbon Hydrogen Strategy as a needed pathway to ensuring the province’s clean, green, and sustainable future. The plan highlights the vast opportunities facing Ontario and the Sarnia-Lambton region as a significant hub for future low-carbon hydrogen development.
Through its natural resources, human capital, and geography, the province of Ontario is well-positioned to be a global leader in sustainable technologies. By providing a strong foundation for development, this new strategy will go a long way in improving the existing regulatory and investment environments facing emerging and innovative companies.
BIC understands that sustainable energy must be clean, reliable, and affordable. This low-carbon hydrogen strategy will further support innovators and existing companies to achieve these goals and facilitate economic benefits as Canada transitions toward a net-zero future.
“By developing a framework to support its future in developing innovative and clean technologies, Ontario has positioned itself to be a leader in Canada and across the world. BIC looks forward to working with our allies – the Government of Ontario and the Sarnia-Lambton Economic Partnership – to leverage this competitive advantage and create additional jobs and economic value for the region.”
– A.J. (Sandy) Marshall, Executive Director
ABOUT BIOINDUSTRIAL INNOVATION CANADA (BIC) –
Founded in 2008, BIC’s mission is to provide critical strategic investment, advice and services to business developers of clean, green, and sustainable technologies. As a nationally focused, not-for-profit business accelerator based in Sarnia, Ontario, BIC pursues its mission by investing in emerging companies that commercialize technology that supports Canada’s transition towards a sustainable, net-zero carbon economy. To date, BIC has invested in 32 early-stage companies and reduced greenhouse gas emissions by over one megaton and is on track to achieve further reductions of 13 megatons by 2030.
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