Ontario's Strategic Investment in Forest Sector
The Government of Ontario is taking a significant step to protect workers and jobs in the forest sector by investing over $6.2 million in research, innovation, and modernization projects in Northwestern Ontario. This initiative is part of the government's broader plan to safeguard the province's economic interests and ensure the resilience of its forest sector.
Key Projects Funded
- The Centre for Research and Innovation in the Bioeconomy: Receiving $5,000,000 to accelerate the development and commercialization of innovative forest-based products.
- Bingwi Neyaashi Anishinaabek: Awarded $250,000 to study local biomass supply for a community heating system.
- Thunder Bay Pulp and Paper: Granted $87,750 for modernization studies to upgrade boiler and fibre recovery systems.
These projects aim to create good-paying local jobs, open new markets for forest sector businesses, and strengthen Northwestern Ontario's economy by fostering regional markets for mill by-products.
The Bigger Picture
Under the Forest Biomass Action Plan, the government has invested over $45 million to date, supporting more than 55 projects. The Forest Biomass Program continues to invest up to $20 million annually to explore new uses for wood, enhance wood harvest, and create opportunities in collaboration with stakeholders, industry, and Indigenous communities.
Quick Facts:
- Ontario's forest sector generated $21.6 billion in revenue in 2023.
- Supported over 128,000 direct and indirect jobs in 2024.
- Wood from Ontario's Crown forests is sustainably sourced and renewable, offering a clean energy source and a sustainable alternative to single-use plastics.
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