Bioeconomy Investment Forum sets the stage for Regina multi-billion dollar biomass cluster

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May 14, 2024
For Immediate Release

(REGINA) Together with a broad range of public- and private-sector leaders, Economic Development Regina (EDR) is making the case for growing a biomass cluster in the Greater Regina Area (GRA) – an opportunity set to generate as much as $1.8 billion in economic activity by 2027.

“With a recent surge in alternative fuel opportunities, technological advances, and funding, there is no beter time to capitalize on the emerging biomass sector in Regina,” EDR President & CEO Chris Lane said. “We’re excited to bring together the right people to the right place at the right time to carry this opportunity forward.”

The Bioeconomy Investment Forum brings together leaders and decision-makers from across Regina’s biomass opportunity, including producers, government, value-added businesses, investors, and more. The event includes presentations, demonstrations, and discussions that outline Regina’s place in a massive emerging global sector.

In partnership with Prairies Economic Development Canada (PrairiesCan) and Praxis Consulting, EDR has developed a market study for Regina’s biomass cluster. The study outlined a major opportunity for primary producers and value-added businesses alike. Key findings include:

  • Access to feedstock: 15+ million tonnes of agriculture biomass within 200km annually
  • Access to markets: Multiple ports and more than 270 million consumers within 2 days drive
  • Key investments: $6+ billion in announced capital investments in the GRA
  • Economic impact: $1.8+ billion in economic activity by 2027
  • Job creation: 4,100 jobs, with a potential $240+ million in employment income by 2027

“Regina’s position as a hub for agribusiness excellence, coupled with our network of innovative partners and access to resources, supports our readiness to expand our bioeconomy sector,” Mayor Sandra Masters said. “By embracing these opportunities, we anticipate job creation and robust economic growth as we continue to establish our city as a leader in this transformative industry.”

As part of the event, EDR signed memorandums of understanding (MOUs) with several organizations for the purpose of growing and developing Regina’s economy, including Biomass Cluster. Those MOUs include:

MOU partner Purpose of partnership
The Growth Board (City of Regina, EDR, OneHoop, and the University of Regina) Discuss and deliver potential opportunities that build the GRA’s local economy
Global Transportation Hub Ensure a coordinated, aligned approach to attracting business investment to the GRA
Hebert Group, Community Builders Alliance Identify and advance key opportunities for value-added agriculture in the GRA and southeast Saskatchewan

 

For more information, contact:

Mattea Columpsi
Manager, Communications
mcolumpsi@economicdevelopmentregina.com

306-565-6392


Additional Stakeholder Quotes: 

“With world-class agriculture sector and sustainable and abundant agricultural feedstocks, the Greater Regina Area is a readily developed biohub in Canada that can support the scale-up of a bio-based manufacturing industry to meet the growing demand for low-carbon bioenergy, biofuels, and biomaterials.”

Dr. Mahmood Ebadian, Project Principal, Ecostrat Inc.

 

“Many of the critical pieces for a robust bioeconomy are present in Saskatchewan. I’m looking forward to being part of the conversation on how to develop these tremendous economic and environmental opportunities.”

David Schick, Vice President, Western Canada, Innovation and Regulatory Affairs Canadian Fuels Association

 

“Through our agriculture and food legal practice group, we see the momentum that’s building in the biomass sector in and around the Greater Regina Area. The Bioeconomy Investment Forum will be an opportunity for stakeholders to discuss and collaborate on future opportunities in this dynamic area and we are excited to be part of that.” 

Samer Awadh, Partner and Co-lead of the Agriculture and Food Practice Group at MLT Aikins LLP and Member of the Board of Directors of Economic Development Regina

 

“Agriculture has immense opportunities ahead in both production and value-added agriculture. To fully capture this potential collaboration is an essential ingredient. The Hebert Group and the Community Builders Alliance look forward to working together with EDR to identify key opportunities in southeast Saskatchewan and the GRA. These opportunities create projects that translate into increased investment, job creation and community services – all things that help our cities and rural communities, such as Moosomin, thrive.”

Kristjan Hebert, President, Hebert Group

 


About the bioeconomy and the GRA’s biomass cluster
The bioeconomy encompasses sectors that use renewable biological resources to produce other value-added products. The GRA’s biomass play primarily focuses on the agriculture sector, and includes crops and crop residue, including canola, wheat, and flax. Those products can be transformed into bioenergy (including renewable diesel, biodiesel, sustainable avia􀆟on fuel, and fuel pellets) or other biomaterials (including bioplastic, compostable packaging, pulp and paper, biochar).
Surrounded by more than 80 million acres of cropland, and with more than $4 billion in announced investments, the Greater Regina Area is the natural centre of a massive, sustainable value-added agriculture opportunity. From renewable fuel to pulp and paper to fertilizer, the GRA’s biomass cluster has the potential to deliver more than $1.8 billion in economic activity and more than 4,100 jobs to the region by 2027 – while contributing to a cleaner, more sustainable economy.

Learn more about Regina’s Energy and Renewables sector.

 

About Economic Development Regina Inc.
ECONOMIC DEVELOPMENT REGINA INC. (EDR) is the lead agency for economic development for the Greater Regina Area (GRA). EDR provides leadership to the community with specific accountability for the following core functions:

  • Support industry growth and diversification through retention, development and attraction of industry.
  • Find innovative ways to promote sustainable growth while effectively addressing the challenges associated with it.
  • Market and promote the Greater Regina Area for business and investment.
  • Ensure the Greater Regina Area offers a vibrant and diversified economy for investors, a climate of growth for business and works toward a high quality of life for residents