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PacifiCan Announces $1.6M in Funding to Two Delta-based Companies to Expand Production of Recycled Plastics and Energy Monitoring Technology
Thursday, March 21, 2024
PacifiCan funding will help develop new products and spur the growth of two innovative B.C. companies.
Vancouver, BC, March 21, 2024--(T-Net)--The Government of Canada (through its PacifiCan agency) has announced $1,628,450 in funding to Delta, BC-based companies Plascon Plastics and GridGear through the Business Scale-up and Productivity program.
Plascon Plastics will receive over $1.2 million to expand its manufacturing capacity for sustainable plastic injection moulding. Injection moulding is a process for producing parts by injecting molten plastic into a mould. Plascon Plastics is innovating in the use of post-consumer recycled materials such as recycled plastics, used car tires and carpet fibres in the injection moulding process.
PacifiCan funding will allow Plascon Plastics to purchase new equipment and moulds, hire more employees, and increase product offerings, including developing a transparent 4.15-gallon pail that is currently not available in North America.
PacifiCan also announced $381,750 in funding to GridGear, a producer of electricity submetering technology. Submetering technology allows users to better understand their energy use and help them reduce energy consumption to cut costs.
With the PacifiCan support, GridGear will scale up production and commercialize their next generation submetering technology. This new technology will enable GridGear to offer their products to industrial customers that require a submeter that can handle higher voltages.
The projects announced align with PacifiCan's interests in boosting advanced manufacturing and clean technology in B.C, said the government in a release.
"British Columbia is a hub for clean tech innovation. GridGear Solutions and Plascon Plastics are great examples of local companies who are building a cleaner, more sustainable future in B.C. and beyond. PacifiCan is a proud partner in supporting businesses who are making a difference." said Harjit S. Sajjan, Minister of Emergency Preparedness and Minister responsible for the Pacific Economic Development Agency of Canada (PacifiCan).
Colton Gabara, Director of Operations, GridGear Solutions Ltd
"Our focus on new product development and innovation to help customers reduce their energy usage is our primary mission as an organization. With the help of PacifiCan, we have expanded our innovation efforts and are excited to help new customers around the globe reduce their electricity usage to make for a brighter future." said Colton Gabara, Director of Operations, GridGear Solutions Ltd.
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