SDTC announces $48 million for new projects

Sustainable Development Technologies Canada (SDTC) has announced $48 million in funding for 22 pre-commercialization projects that will leverage an additional $111 million from public and private sector partners. The new funding brings the organization's portfolio value to $776 million, with $217 million coming from SDTC and $559 million from other sources, for a leverage ratio of nearly 2.6 to 1. The latest round of funding (subject to final contract execution) includes $7.3 million for four biofuel technology projects, bringing SDTC's investment in the sector to $59 million. The announcement also includes five awards for $4 million in soil- and water-related projects. This is the first time SDTC has funded projects in these areas, which will develop technologies for monitoring and detection equipment for water main breaks and agricultural practices. Other technology areas receiving funding are energy exploration and production, power generation, energy utilization, waste management and forestry and wood products. SDTC has received $550 million from the federal government and has completed eight rounds of funding. It expects to allocate all its funds by 2010….