Feds back Mikro-Tek’s project to increase carbon-sequestration in reforestation seedlings
By CFI staff
By CFI staff
The federal government is investing $3.7 million in Timmins, Ont.-based Mikro-Tek to commercialize its forest management technology that will increase carbon sequestration in newly planted reforestation seedlings.
Mikro-Tek‘s natural biotechnology process enhances plant survival by increasing health and growth and limiting the use of herbicides. The funding, through Sustainable Development Technology Canada (SDTC), will help the company apply its technology in the field.
“This funding is supporting Mikro-Tek’s project to increase carbon sequestration on reforestation sites in the boreal forest and to assess our technology as an alternative to herbicide applications,” Mikro-Tek. president Mark Kean said in a news release. “Our mission is to work with First Nations partners (Wahkohtowin Development) and forestry partners to develop and commercialize new, improved forestry management technologies and processes, which will help industry and government adapt to a low-carbon future.”
Patty Hajdu, minister responsible for the Federal Economic Development Agency for Northern Ontario, said commercializing cleantech innovations such as Mikro-Tek’s is a critical step in Canada’s journey to a net-zero economy. “This $3.7 million investment in a Northern Ontario-based company means superior reforestation and carbon offset technology, as well as more clean economic growth for communities in our region. Accelerating innovation is a key part of our government’s plan for a green economy,” Hajdu said.