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NEXE Innovations Inc NEXNF


Primary Symbol: V.NEXE

NEXE Innovations Inc. is a Canada-based company, which operates as a manufacturer of fully compostable materials. The Company is focused on providing compostable material solutions and packaging to the business-to-business (B2B) segment to help businesses achieve their sustainability goals. It designs, manufactures, and commercializes fully compostable materials for everyday consumer product. It has developed a proprietary and patented compostable material that can withstand heat, pressure, and water. The Company's flagship product is its BPI-certified compostable single-serve beverage pods that are compatible with single-serve coffee-format machines (the NEXE Pods). The NEXE pod is compatible with major coffee brewing machines and is manufactured at the Company's vertically integrated facility based in North America. It provides compostable solutions for a variety of uses and products, including tea, yogurt cups, cosmetic, and pharma containers.


TSXV:NEXE - Post by User

Post by lscfaon Feb 26, 2021 3:11pm
283 Views
Post# 32673284

Mask competitor

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


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