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Posted: May 03, 2021 6:00 AM AT | Last Updated: May 3
The company plans to capture methane from flare gas in the oil-and-gas sector in Alberta(DeNova) comments
A Halifax biotechnology company that uses greenhouse gases to grow aquaculture fish food will get a boost today with money from Canada s Ocean Supercluster innovation program.
It is fuelling the company s ambitions to become a global player in the world s fastest-growing food sector.
DeNova wants to grow microbes in methanol and convert the dried protein into an ingredient in fish feed.
DeNova preesident Brianna Stratton hopes to shift feed manufacturers to the company s sustainable protein. (DeNova)
Natural Products Canada, Active Impact Investments launch cleantech venture funds
Two firms, Natural Products Canada (NPC) and Active Impact Investments, have launched early-stage cleantech venture funds, as the cleantech sector continues to gain traction in Canada.
Active Impact Investments has completed a first close of $41 million for a climate-tech venture fund. NPC Ventures, the investment arm of Charlottetown-headquartered NPC, has revealed plans to raise $50 million for a fund focused on companies developing natural products. NPC is targeting to complete its first close in the fall of this year.
The two new funds are the latest in a number of Canadian early-stage cleantech venture funds.