Feds invest $22.7M in FPInnovations for new forest-based products
April 3, 2019 By P&PC Staff
April 3, 2019 – The federal government has announced a $22.7 million investment in forest sector research institute FPInnovations to help the organization bring new forest-based products to market.
Paul Lefebvre, parliamentary secretary to Amarjeet Sohi, Canada’s minister of natural resources, made the announcement today at the Quebec City office of FPInnovations.
The investments include over $20.4 million to advance new forest-based products to go on the market, and over $2.3 million to support a research project to help the Canadian forest sector protect the market access and improve environmental performance.
These investments in FPInnovations are funded through Natural Resources Canada’s Forest Innovation Program – a part of the Softwood Lumber Action Plan – which promotes research and development on new technologies and products.
Feds commit over $250M to Canada’s forest sector in 2019 budget
“FPInnovations welcomes this announcement which consolidates the government’s support for the Canadian forest industry and ensures the stability of its operations,” says Stephane Renou, president and CEO of FPInnovations. “This commitment, renewed for the next three years, will foster the implementation of innovative strategies while supporting industrial partnerships across the forestry supply chain.”
Lefebvre also highlighted the federal government’s previously announced 2019 Budget proposal of up to $91.8 million over three years, starting in 2020-21, for new technologies under the Forest Innovation Program. The investment is part of a larger forestry injection of $250 million, provided the government is re-elected in October 2019.
FPInnovations is a not-for-profit organization, funded by the Government of Canada, provinces and the private sector, specializing in research and innovation in support of the Canadian forest sector’s competitiveness.
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