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NS seaweed products gets federal loan


February 27, 2012
By The Canadian Press

Topics

February
21, 2012, Cornwallis, NS –The federal government is offering a $490,000
interest-free loan to Nova Scotia’s Acadian Seaplants to help the seaweed
specialty products maker relocate and expand.

February
21, 2012, Cornwallis, NS –The federal government is offering a $490,000
interest-free loan to Nova Scotia’s Acadian Seaplants to help the seaweed
specialty products maker relocate and expand.

Conservative
MP Greg Kerr says the money will allow the company to introduce new technology
and increase production.

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The
company, based in Cornwallis, N.S., makes so-called crop stimulant products for
export markets.

The
money comes from the Business Development Program, operated by the Atlantic
Canada Opportunities Agency
.

Company
president Jean-Paul Deveau says the Cornwallis plant has been operating at full
capacity.

The
company also produces animal feed supplements, cultivated sea-vegetables and
ingredients derived from marine plants.