Alberta Innovates - Advanced Materials and Chemicals Program 2010-18
This final report documents the progress and windup of the “Driving Conversion of Alberta’s Biomass to Advanced Materials and Chemicals Program” (AMCP) for submission to Alberta Economic Development and Trade (formerly Innovation and Advanced Education [IAE], formerly Enterprise and Advanced Education [EAE]), in accordance with the provisions of a grant agreement between the parties.
The Alberta Innovates funding program, Advanced Materials and Chemicals (AMCP), launched in 2011 aiming to develop new products and technologies that used Alberta biomass and advanced innovation in the area of advanced materials and chemicals. Its main objectives were to:
1. Introduce new innovative, competitive products into the Canadian and global market place.
2. Take advantage of and build on previous investments.
3. Provide Alberta with a jurisdictional advantage.
The program was also designed to test the readiness of Alberta’s bioeconomy products and technologies for commercialization. Many studies and research projects had been underway for several years, and AMCP provided the additional support for these to reach the marketplace.
After a competitive application process and rigorous review and screening by internal and external experts, five Alberta companies received a total of $8 million in grant funding from the Advanced Materials and Chemicals program. The companies were Ceapro, SBI BioEnergy, Radient Technologies, TerraVerdae Bioworks and West Fraser Mills. These companies had submitted solid business cases outlining very good potential for successfully scaling up and commercializing their new technologies. With a program mandate to utilize Alberta biomass, the five companies had technologies that could turn Alberta oats, hemp, canola, municipal solid waste and wood pulp into value-added natural health products, biofuels, bioplastics and biochemicals.
During the period 2011 to 2017, four of the companies each constructed commercial-scale manufacturing plants. The fifth company successfully proved its technology worked well at commercial-scale levels. The total project costs for all five AMCP projects were $81 million. For every $1 of funding from AMCP, the companies successfully leveraged another $9 from other sources. This additional funding came from other provincially funded entities ($11.5 million), federally funded entities ($11.8 million) and private investors and proponents themselves ($49.7 million).