Jeff Leal Minister of Agriculture, Food and Rural Affairs has said “Our government’s investment in Comet Biorefining will help position the company to compete globally. This will in turn help create and retain jobs, boost Sarnia’s local economy and support the competitiveness and further growth of Ontario’s agri-food sector. Through the Jobs and Prosperity Fund, our government is helping foster growth in Ontario’s food and beverage processing and bioeconomy sector.”
Steven Del Duca Minister of Economic Development and Growth said that “With support from the Jobs and Prosperity Fund, Comet Biorefining boosts its competitiveness, further strengthens Ontario’s innovative bio-economy cluster and creates jobs. The project demonstrates how strategic partnerships are building opportunity while positioning the province for long-term growth.”
Ontario is partnering with Comet Biorefining, to create a new production plant in Sarnia for high-quality, sustainable ingredients that will help to directly create 82 new jobs and 158 new indirect jobs, including those in harvesting, construction, farming and manufacturing.
Comet Biorefining produces sustainable, high-quality ingredients for the food and beverage, animal nutrition and biomaterials markets. The company’s proprietary ingredient technology allows for the conversion of agricultural residues, such as wheat straw, corn stover and wood products, into high purity ingredients.
The investment though Ontario’s Jobs and Prosperity Fund will help Comet Biorefining create a new commercial scale facility to:
Grow the agri-based value chain and benefit local farmers by using residues from Ontario’s farming community
Grow the emerging biochemical bioproduct ecosystem in Sarnia, while further establishing Ontario as a global player in the bioeconomy
Help meet the growing world demand for bio-based products.
Supporting a strong and innovative biochemical sector is part of the government’s plan to support care, create opportunity and make life more affordable during this period of rapid economic change. The plan includes free prescription drugs for everyone under 25, and 65 or over, through the biggest expansion of medicare in a generation, free tuition for hundreds of thousands of students, a higher minimum wage and better working conditions, and free preschool child care from 2 ½ to kindergarten.