Canadian Agriculture Got Financial Support from Government
CHEMMONITOR.COM - BioAmber Sarnia got an interest free loan from Agriculture Canada for the construction of a succinic acid facility located in Sarnia (Ontario, Canada). The loan, which is predicted to be paid back till 2024, is assessed at CAD 10 million (or USD 9.1 million). The projected succinic acid plant is expected to raise the bottom line of producers.
The Canadian government significantly supports domestic farmers by creating jobs and developing and strengthening the manufacturing sector.