Tuesday, October 28, 2008

Ontario And China Go Green Together

McGuinty Government Promotes Two-Way Investment And Trade In Shanghai

TORONTO, Oct. 27 /CNW/ - NEWS

A Chinese company will build a biomass power plant in Ontario as part of an announcement made today in Shanghai.

Canadian Windfields Solar and Renewable Energy Corporation announced thatit will build and operate a demonstration plant with Chinese company Wuhan Liren. Wuhan Liren will also invest in an Ontario manufacturing plant thatwill build and support its biomass power generation systems.

Instead of traditional renewable energy sources such as solar and wind, the power plant will use agricultural and forestry waste that producevirtually no emissions. The new biomass power generation plant will be thefirst of its kind in North America.

Premier Dalton McGuinty took part in the signing ceremony during theShanghai leg of his mission to China. The goal of the mission is to sellOntario environmental technologies and exchange ideas.

The director of Shanghai's Environmental Protection Bureau, Sun Jian,also took part in the signing ceremony. The Premier then spoke at a dinner toshowcase Ontario's environmental technology companies in front of over 200people at the Shanghai Museum.

QUOTES

"The agreements signed today are significant. It's just the start of whatOntario and China can do together," said Premier Dalton McGuinty. "We'llcontinue to strengthen our social and economic ties, to generate investmentand create jobs for Ontario families."

"Ontario is a world class producer of environmental products and servicesfor which a tremendous demand exists in China," said Michael Chan, Minister ofCitizenship and Immigration. "We are sending a clear message to China thatwhen looking for the technologies necessary to achieve their environmentalgoals, they need not look further than Ontario."

<< QUICK FACTS

- Two-way trade between Ontario and China more than doubled between 2003 and 2007, reaching more than $21 billion last year.
- China is investing $175 billion in environmental protection between 2006 and 2010.
- Ontario currently has 2,600 environmental technology companies.

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