NS: IMO Foods receives loan for energy-saving venture

Carla
Carla Allen
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The Vanguard

ACOA will provide the canning operation with a repayable loan of $200,000 under its Business Development Program so it can undertake a heat recovery project.

IMO Foods Ltd. president and general manager Philip LeBlanc with West Nova MP Greg Kerr.

[YARMOUTH, NS] — IMO Foods Ltd. has received a $200,000 repayable loan through the Atlantic Canada Opportunities Agency to undertake a heat recovery project to reduce energy costs in its canning operation.

ACOA will provide the company with a repayable loan of $200,000 under its Business Development Program so it can undertake a heat recovery project. Heat will be extracted from the cold storage and combined with the heat from refrigeration equipment will produce 138 kW on a continuous basis to reduce energy costs.

“This project is part of an ongoing process by IMO to reduce the overall costs of operation and increase productivity with a goal to maintaining quality and the company’s place in world markets,” said Philip LeBlanc, president and general manager.

IMO markets canned herring and mackerel products worldwide and employs 75 full-time workers.

Organizations: IMO Foods, Atlantic Canada Opportunities Agency

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