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Bullboard - Stock Discussion Forum NEXE Innovations Inc NEXNF


Primary Symbol: V.NEXE

NEXE Innovations Inc. is a Canada-based compostable materials company. The Company designs, manufactures and commercializes compostable materials for everyday consumer products. The Company has developed patented, fully compostable, plant-based, single-serve coffee pods for use in single-serve coffee machines. Its product NEXE Pod is a plant-based, fully compostable, and single-serve coffee... see more

TSXV:NEXE - Post Discussion

NEXE Innovations Inc > Mask competitor
View:
Post by lscfa on Feb 26, 2021 3:11pm

Mask competitor

Canada's Forest Sector Develops Made-in-Canada Biodegradable PPE Solution


NEWS PROVIDED BY

Natural Resources Canada 

Feb 26, 2021, 11:46 ET


OTTAWA, ONFeb. 26, 2021 /CNW/ - While Canada's natural resource industries have been hard-hit by the COVID-19 pandemic, they remain resilient and innovative as they seek ways to contribute to efforts to keep us safe. The forest sector, in particular, has been at the forefront of the fight by supplying Canadians with vital personal protective equipment. As the COVID-19 pandemic persists, with the help of our natural resources sectors, the Government of Canada continues to take action to protect Canadians, support our industries, and strengthen our economy.

That's why today, Canada's Minister of Natural Resources, the Honourable Seamus O'Regan Jr., announced the results a $3.3-million investment to FPInnovations for a COVID-19 response project to develop non-medical biodegradable and eco-friendly single-use masks to reduce non-biodegradable waste. FPInnovations has developed a certifiable, three-ply biodegradable mask manufactured with material made from sustainably produced Canadian forest fibre and biodegradable plastic, offering 85 percent filtration performance and biodegradability — near the top of what is currently on the market. 

As demand for PPE increases, the waste resulting from non-biodegradable products such as masks remains an environmental concern. This made-in-Canada solution means that these masks can be disposed of in an industrial composting environment, where local guidelines permit. FPInnovations is ready to transfer technology for production of this eco and cost-friendly solution to Canadian mask manufacturers. 

This investment is part of the contribution agreement Natural Resources Canada has with FPInnovations through the Forest Innovation Program, which promotes research and development on new technologies and products across Canada's forest sector. 

The importance of Canada's resource sectors — to our economy, our natural environment and our everyday lives — has been magnified during the pandemic. Canada's forest sector continues to innovate and implement unique technologies and processes to manufacture new products, contributing to Canada's pandemic response. 

Quotes

Biodegradable masks made from Canada's sustainably managed forests — what a great example of the ingenuity of Canada's forest sector. Keeping Canadians safe and protecting our environment."

Seamus O'Regan Jr.
Canada's Minister of Natural Resources

"The development of biodegradable masks clearly shows that stimulating the bioeconomy can contribute to a cleaner environment in Canada. The outstanding collective scientific and technological expertise of the forest sector has been key to the success and speed of this project and is proof that, together, we are capable of bringing eco-friendly, bio-sourced products through the pipeline from research to market within just months!"

Stphane Renou
President and Chief Executive Officer, FPInnovations

Associated Links

Follow us on Twitter: @NRCan (https://twitter.com/nrcan

NRCan's news releases and backgrounders are available at www.news.gc.ca.
https://www.nrcan.gc.ca/media

SOURCE Natural Resources Canada

For further information: Contacts: Ian Cameron, Press Secretary, Office of the Minister of Natural Resources, 613-447-3488, Ian.Cameron@canada.ca; Media Relations, Natural Resources Canada, Ottawa, 343-292-6100, NRCan.media.RNCan@canada.ca

Related Links

www.nrcan.gc.ca

Comment by Heikogs on Feb 27, 2021 9:06pm
Wow yep ok, funny how this comes out after Nexe goes to the challenge of making masks.   Sounds like some politician is going to put some money in his pocket and then run for the hills. Same thing happened with the MJ stocks, set up collect the cash and run.   Seems to me that everytime a company comes up with a fantastic idea many other companies seem to crawl from out of a ...more  
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