Notes for an address by
The Honourable Lynne Yelich
Minister of State for Western Economic Diversification
Check Against Delivery
Thank you Dale. Good morning. It’s a pleasure to be here today on behalf of the Government of Canada. I was here just last December for another announcement with POS and it’s great to be back! To begin, I would like to acknowledge Dr. Rick Green, Vice President of Technology, POS Pilot Plant
Our Government’s first priority is the economy and maintaining Canada’s economic advantage. As we implement the Next Phase of Canada’s Economic Action Plan, we will continue to focus on creating jobs and supporting economic growth.
The Harper Government understands that economic growth relies on Canadian businesses increasing their productivity to improve competitiveness. And one of our Government’s key priorities is to ensure that western Canadian businesses have the tools they need to thrive in a globally competitive marketplace.
That is why I am pleased to announce that our Government, through Western Economic Diversification Canada, is investing $750,000 to help POS Pilot Plant acquire leading-edge bio-extraction equipment.
This equipment will be used to isolate and extract nutrients from fruits, vegetables, botanicals and herbs. These nutrients can then be used as ingredients in health and wellness products such as dietary supplements and beverages.
These types of products are in high demand by the health food and nutraceutical industries. Consumers are driving increased growth for convenience foods which incorporate the health benefits of bio-extracts from fruits and vegetables. This new equipment will enable POS to increase bio-processing from pilot scale to commercial scale, allowing it to meet client demand for greater volume.
The increased bio-processing capacity at POS will also create new highly skilled jobs, with five positions being opened at POS and others created by its clients. Most importantly, this increased capacity will support local producers and enable them to compete in national and international markets.
For example, Saskatchewan fruit growers recognize that our native Saskatoon berries have more anti-oxidants than blueberries. (From: Saskatchewan Fruit Growers Assoc. )
But the challenge lies in getting these products to market. With access to commercial-scale processing services, Saskatchewan companies can cost-effectively extract nutrients from locally-grown fruits like Saskatoons, haskap and sea-buckthorn. These local companies can take advantage of this technology to get more product to market while remaining competitive.
Last December, I announced another WD investment to help POS improve its ability to recover and recycle solvent used to generate bio-diesel and bio-fuels from cellulose. This project makes bio-fuel processing more affordable and – more importantly – helps small and medium-sized enterprises in the industry to improve their bottom line. It’s these types of focused investments that help Canadian businesses thrive!
Our Government’s first priority is the economy and we recognize that it will increasingly depend on knowledge and innovation, which are engines of economic growth and job creation. Canada’s continued economic growth depends on companies making innovative decisions to move forward with new products and processing. This project helps lay the foundation for creating jobs and assisting POS in expanding its bio-processing capacity to support our businesses.
Our Government recognizes that we have an important role to play in fostering the economic climate that supports business innovation and competitiveness. These projects at POS demonstrate how the Government of Canada is meeting its objectives to grow our economy and implement the Next Phase of Canada’s Economic Action Plan. Our economic leadership will continue as we take targeted actions to support job creation and economic growth.
Thank you to POS for bringing this project forward. I look forward to hearing about the positive outcomes that are realized as a result of this initiative. Together, we are building a stronger West for a stronger Canada.
Thank you. Merci beaucoup.