SASKATOON – Federal Agriculture Minister Gerry Ritz says Ottawa is putting money into a Saskatoon company that turns waste flax and hemp straw into high-quality fibre.
Ritz says Advanced Foods and Materials Canada is getting $500,000.
The company also produces micro-nutrients for food and health products.
Ritz says there’s potential to turn wheat straw into a value-added product used in pharmaceuticals, the oil and gas sector and in mining.
He says the biomaterials are worth thousands of dollars a tonne and a lot of that money would flow back to farmers.
He says the investment is a good way to develop processing across Western Canada.
- RCMP arrests alleged hitmen accused of killing B.C. Sikh leader
- Fall COVID-19 vaccine guidelines are out. Here’s what NACI recommends
- Some 2019 candidates ‘appeared willing’ to engage with foreign interference: Hogue inquiry
- Thousands of Canada’s rail workers have a strike mandate. What happens now?
Comments