Newlight Technologies Plans Manitoba, Canada, AirCarbon Manufacturing Plant
Under the Memorandum of understanding, the company will undertake the design process, undergo a site selection review and present a development and business plan to the Manitoba government that includes capital structure, required infrastructure, and source of capital.
“Manitoba is a leader in advancing economically sustainable environmental processing, and we are thrilled to work with the Manitoba government to help expand AirCarbon manufacturing in the province,” said Mark Herrema, CEO, Newlight Technologies Inc.
The Manitoba government will assist Newlight by making the company aware of regulatory and licensing requirements, and support applications under various federal and provincial economic stimulus programs for research and development, training incentives, manufacturing and green energy equipment investments, and construction costs.
“Manitoba is emerging as the preferred destination for innovative businesses like Newlight, and today’s milestone is proof that innovative partnerships between government and industry can drive our economy forward while combating climate change,” noted Manitoba, Economic Development, Investment and Trade Minister Jeff Wharton. “Companies from around the world are discovering the advantages of investing in Manitoba. This new plant will produce advanced materials made from greenhouse gases that will reduce carbon emissions, generate economic growth and create new highly skilled jobs for Manitobans.”
Huntington Beach, California-based Newlight Technologies Inc. uses greenhouse gas to make a high-performance material called AirCarbon, a biomaterial used in fashion, foodservice, and automotive industries. This material is meltable and mouldable, similar to that found in the plastics and materials market.
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