
Greenwater Secures $20M Cap. Inv. to Build Ontario's First Wood-to-Fuel Demo Plant
Thunder Bay, Ontario – May 8, 2026 at 10:00 a.m. EST – Greenwater Ltd., an Ontario-based cleantech innovator, today announced C$20 million in combined investment from strategic partners including The BMI Group, Vantage Futures, and the Province of Ontario to construct an innovative demonstration facility that converts waste wood residuals into renewable diesel and, once certified, sustainable aviation fuel.
The demonstration facility, located at the Thunder Bay Pulp and Paper Mill, will showcase Greenwater's patented thermal catalytic process – a first-of-its-kind technology that transforms forestry byproducts into drop-in transportation fuels. Construction begins immediately, with commissioning targeted for mid-2026.
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