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IW Business Bulletin – July 9, 2021

Photo provided by Cameco

Innovation Saskatchewan Invests in Wheat Straw Pulp

Innovation Saskatchewan has announced its $395,000 commitment to Red Leaf Pulp to further develop the company’s novel wheat straw pulp technology. The funds will be delivered via Innovation Saskatchewan’s Saskatchewan Advantage Innovation Fund (SAIF).

The news comes on the heels of Red Leaf Pulp’s announcement to build its first wheat straw pulp facility near Regina. The company intends to commercialize the technology that will produce pulp for paper products from wheat straw.

“The Saskatchewan Advantage Innovation Fund program is designed to accelerate commercialization of game-changing technological innovations in the province’s core sectors,” Minister Responsible for Innovation Saskatchewan Jeremy Harrison said.  “This is another example of Saskatchewan’s commitment to continue investing in ag innovation projects that have potential for high economic impact and we’re excited to see further development of this technology.”

Cameco Signs MOU on SMRs

Cameco, GE Hitachi Nuclear Energy and Global Nuclear Fuel-Americas have signed a Memorandum of Understanding (MOU) to explore how the companies can work together on commercializing and deploying BWRX-300 small modular reactors (SMRs) in Canada and around the world.

“Nuclear power will play a massive role in the global shift to zero-carbon energy, generating a lot of momentum for emerging SMR and advanced reactor technologies,” said Cameco president and CEO Tim Gitzel. “Cameco intends to be a go-to fuel supplier for these innovative reactors. We’re looking forward to working with GEH and GNF to see what opportunities might exist around their novel SMR design.”

Cameco is a uranium, uranium refining and conversion services supplier to the world’s nuclear industry and a leading manufacturer of fuel assemblies and reactor components for CANDU reactors.

“We are excited to explore opportunities with Cameco to advance the commercialization of the BWRX-300,” said Jay Wileman, President & CEO, GEH. “As we work to bring the world’s first grid-scale SMR to Canada we will continue to identify strategic partners whose capabilities will support the deployment of this game-changing technology in Canada and worldwide.

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