Feb 12, 2019 SOURCE: PR NewsWire

Canada Invests in Energy Efficiency Improvements in Labrador City

LABRADOR CITY, NL, Feb. 12, 2019 /CNW/ - Energy efficiency in industry strengthens competitiveness, lowers costs, maximizes profits and promotes a more sustainable environment. Promoting and rewarding energy-efficient practices are key components of Canada's approach to transitioning to a clean energy future.

Parliamentary Secretary to the Minister of Intergovernmental and Northern Affairs and Internal Trade, Yvonne Jones, on behalf of Canada's Minister of Natural Resources, the Honourable Amarjeet Sohi, today formally announced a $40,000 investment for the Iron Ore Company of Canada for a process integration study.

With funding from Natural Resources Canada and facilitated by the Canadian Industry Partnership for Energy Conservation (CIPEC), the project identified measures to reduce Iron Ore's total thermal energy consumption, ultimately reducing its energy costs and improving energy performance.

Through Generation Energy, Canada's national energy dialogue, Canadians expressed that they want to see Canada continuing to be a leader in the transition to a clean growth economy. Canada will continue to support innovative projects that create jobs, improve industry competitiveness, cut pollution and act on climate change.

Quick Facts

    --  A process integration study is a global energy analysis that looks at
        how an organization uses heat, where it could recover heat and what
        could be the best use for that heat in a facility.
    --  CIPEC includes more than 2,300 facilities representing 20 industrial
        sectors and over 50 trade associations. An award-winning partnership
        between the Government of Canada and Canadian industry, CIPEC advances
        industrial energy efficiency by promoting the uptake of energy
        management systems, best practices and technologies.

Quotes

"With industry and government working together at all levels, we can create a more prosperous, competitive and sustainable Canada. Our government is committed to energy efficiency, and we are proud to work with the Iron Ore Company of Canada to advance our clean energy future."

Yvonne Jones
Parliamentary Secretary to the Minister of Intergovernmental and Northern Affairs and Internal Trade

"Energy efficiency to reduce our carbon footprint is not only good for the environment but also good for business. In partnership with NRCan, Iron Ore Company of Canada (IOC) has been able to progress meaningful work to understand where our efficiency gaps lie in the process operation. We have started working on these identified initiatives, which will reduce IOC's impact on the environment, while improving our sustainability."

Clayton Walker
President & CEO, Iron Ore Company of Canada

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SOURCE Natural Resources Canada