May 22, 2019 – Vaughan, Ontario
Today, Francesco Sorbara, Member of Parliament for Vaughan–Woodbridge, announced a FedDev Ontario contribution of up to $3 million to Enviroplast Inc., an innovative manufacturer that specializes in recycling plastic. Headquartered in Montreal, Quebec, the company is expanding its operations to Ontario by establishing a recycling facility using first-in-Canada technology in Vaughan. This announcement was made on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for FedDev Ontario.
In support of Enviroplast Inc.’s expansion activities, FedDev Ontario’s contribution will enable the company to adopt an environmentally friendly recycling technology that produces no waste or gas emission, and minimizes water usage in production. As a result, the company will expand and broaden its capacity to recycle different types of plastics for sale in North American and international markets. The project will also create 30 new jobs in Vaughan.
This project supports the Government of Canada’s Innovation and Skills Plan, and the priorities of the government’s Economic Strategy Table on Clean Technology, by supporting innovative clean technologies and driving sustainable growth outcomes in southern Ontario. The company’s new facility in Vaughan represents the advancement of sustainable technology that will benefit the environment and the regional economy.
Quotes
“This investment in Enviroplast Inc. will help strengthen the local manufacturing industry, and lead to the creation of 30 full-time jobs in Vaughan. The Government of Canada is proud to support a company that specializes in innovative clean technology, focused on sustainability and reducing plastic waste in our landfills.”
“Today’s investment in Enviroplast Inc. demonstrates how innovative, sustainable practices can drive growth in key industries, while addressing the pressing need for more renewable products and technologies. The opening of this new facility will support growth for the clean technology and manufacturing sectors, boosting economic growth and creating good, middle-class jobs for Canadians."
“Plastics are one of our society’s biggest waste problems. With FedDev Ontario support, Enviroplast Inc. is able to bring its new innovative recycling technology to Vaughan, providing Ontario communities with a long-term solution to post-consumer plastic film that will help to reduce raw material consumption and waste generation.”
Quick Facts
• Established in 1991, Enviroplast Inc. is a sustainable plastics recycler that collects, processes and transforms post-industrial plastics into high-quality, food grade resin that is reused in new products. Each month, the company processes and transforms over 2,000 metric tons of recyclable materials, which significantly reduces plastic waste in landfills.
• The new Vaughan facility is expected to be operational by the spring of 2020, with new recycling lines capable of handling 11,000 metric tons of plastic annually.
• FedDev Ontario is providing a repayable contribution of $3 million towards Enviroplast Inc.’s total project cost of $10 million. This project will leverage up to $7 million in other private investment.
• This year marks 10 years of FedDev Ontario delivering funding and business services to support innovation and growth in southern Ontario.
Associated Links
FedDev Ontario
Enviroplast Inc.
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Contacts
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FedDev Ontario
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