TORONTO — Toronto-based GreenNano Technologies Inc. is on the receiving end of $1.2 million to scale up production of a new lightweight wood-fibre-based composite material to create automotive parts.
The project will combine wood pulp with polymers to create a strong and lightweight thermoplastic with more uniform and improved properties, states a release, adding if successfully applied in the automotive sector, it could have a number of consumer and commercial applications, including aerospace parts, pharmaceuticals, solar panels and cosmetics.
GreenNano will also be collaborating with Ford Canada’s Power Engineering Research and Development Centre in Windsor, Ont. to test the new material in the production of lightweight car parts.
Funding for the project is being provided through the Investments in Forest Industry Transformation program, which encourages the Canadian forest sector to adopt and implement unique technologies and processes to diversify into new product streams and into emerging markets, adds the release.