Grants and Contributions:

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Title:

Venus – Advanced Smelting Technology (AST)

Agreement Number:

810903

Agreement Value:

$80,000,000.00

Agreement Date:

Jul 17, 2017 - Dec 31, 2025

Description:

The commercialization of the first ever zero-carbon aluminum smelting technology in the world

Organization:

Innovation, Science and Economic Development Canada

Expected Results:

As a result of the project, the technology to be developed and industrialized would help strengthen the already well-integrated Canada-United States aluminum and manufacturing industry, reduce Canada's carbon footprint by seven million tonnes of carbon emissions per year, and help Canada reach its commitments under the Paris Agreement. This project will create 100 new full-time positions.

Location:

Montreal, Quebec, CA H3B3M5

Reference Number:

033-2018-2019-Q1-810903

Agreement Type:

Contribution

Report Type:

Grants and Contributions

Recipient Business Number:

764380689

Recipient Type:

For-profit organization

Additional Information:

The Amendment has been completed to extend the project agreement end date from 2044-03-01 to 2045-12-31, and increase the contribution amount from $60M to $80M. This is a repayable contribution.

Amendment Date

Jul 5, 2021

Recipient's Operating Name:

ELYSIS LIMITED PARTNERSHIP

Recipient's Legal Name:

ELYSIS SOCIETE EN COMMANDITE

Federal Riding Name:

Portneuf--Jacques-Cartier

Federal Riding Number:

24058

Program:

SIF Stream3- Attraction

Program Purpose:

-Encourage R&D that will accelerate technology transfer and commercialization of innovative products, processes and services;-Facilitate the growth and expansion of firms in Canada;-Attract and retain large scale investments to Canada; and-Advance industrial research, development and technology demonstration through collaboration between academia, non-profit organizations and the private sector.

NAICS Code:

331110

Amendments:

See Amendments