📋 Tender Overview
The Government of Canada, the Government of Quebec and Investissement Québec are providing a total of $26 million in financial contributions to KSM to support the establishment of a plant to manufacture fertilizers rich in potassium and magnesium in Tring?Jonction, in the Chaudiere?Appalaches region.
Through this project, valued at nearly $70 million, 45,000 tonnes of agricultural fertilizers are expected to be produced yearly from waste materials from the former Carey mine. Thanks to its innovative technology, which uses a much lower temperature than comparable processes, the business expects to emit 70% fewer greenhouse gas emissions.
The Minister of Tourism and Minister responsible for Canada Economic Development for Quebec Regions (CED), the Honourable Soraya Martinez Ferrada, and the Minister for the Economy, Minister Responsible for the Fight Against Racism and Minister Responsible for the Laval Region, Christopher Skeete, made the announcement today along with the Member for Lotbinière?Frontenac and Parliamentary Assistant to the Minister of Education (fight against violence and bullying among youth and in schools), Isabelle Lecours, and the Member for Beauce?Nord, Luc Provençal.
The Government of Canada is supporting KSM with a repayable contribution of $5 million under CED’s Regional Economic Growth through Innovation (REGI) program.
KSM specializes in the manufacture of agricultural fertilizers rich in potassium and magnesium and low in chloride. CED is a key federal player in Quebec to promote economic development in the regions and among small and medium-sized enterprises (SMEs). CED’s REGI program targets entrepreneurs leveraging innovation to grow their businesses and enhance their competitiveness, as well as regional economic stakeholders helping to create an entrepreneurial environment conducive to innovation and growth for all, across all regions.
The aim of the Technoclimat is to support technology demonstration projects related to energy and reducing greenhouse gas (GHG) emissions in Quebec. It is part of Action 2.3.1.1 of the 2030 Plan for a Green Economy, which aims to boost the emergence of technologies to reduce GHGs throughout the innovation chain. The 2030 Plan for a Green Economy supports several measures aimed at technology development projects that contribute concretely to reaching the GHG emissions reduction targets the Government of Quebec has set itself.
