SYS-CON MEDIA Authors: Doug Masi, Mat Mathews, PR.com Newswire, David Smith, Tim Crawford

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Harper Government Invests in Developing Innovative Uses for Flax

SASKATOON, SASKATCHEWAN -- (Marketwired) -- 06/20/14 -- Agriculture and Agri-Food Canada

The Honourable Lynne Yelich, Minister of State (Foreign Affairs and Consular), on behalf of Agriculture Minister Gerry Ritz today announced an investment of up to $535,000 to Prairie Tide Chemicals Inc. which aims to improve the value of flax by adding value to previously unused crop components.

Prairie Tide Chemicals Inc. will partner with Bioriginal and the University of Saskatchewan to develop methods for commercial-scale recovery of sweet flax oil and flax orbitides. These orbitides will then be studied and tested to determine how they can be used commercially in products such as foods and cosmetics.

Quick facts


--  Founded in 2010, Prairie Tide Chemicals Inc. is a federally incorporated
    start-up company that is commercializing a process for improving flax
    oil flavour and recovering previously unused high value compounds from
    flax.
--  Canada is the largest producer and exporter of flax in the world.
--  Flax oil is the highest source of omega 3 fatty acids of any seed oil
    available. Omega 3 fatty acids are essential to human and animal health.
--  This investment is made through the Industry-led Research and
    Development stream of Agriculture and Agri-Food Canada's AgriInnovation
    Program, a five-year, up to $698-million initiative under Growing
    Forward 2.

Quotes

"Flax is an important oilseed crop for Canadian producers and processors. We are proud to support the sector in their continued research in developing innovative uses for flax that will create new markets and opportunities for Canadian farmers. "


--   Lynne Yelich, Minister of State (Foreign Affairs and Consular)

"With this funding, Prairie Tide Chemicals will squeeze new value from flaxseed. PTC aims be the first company to commercialize an element of flaxseed oil, called orbitides, for use in health food, cosmetics, pet food and possibly pharmaceuticals."


--  Martin J.T. Reaney, President and CEO, Prairie Tide Chemicals

Associated links

Growing Forward 2 (Agriculture and Agri-Food Canada)

AgriInnovation Program (Agriculture and Agri-Food Canada)

Prairie Tide Chemicals Inc.

Contacts:
Emily Hogeveen
Press Secretary
Office of the Honourable Gerry Ritz
613-773-1059

Media Relations
Agriculture and Agri-Food Canada
Ottawa, Ontario
613-773-7972
1-866-345-7972
Follow us on Twitter: @AAFC_Canada

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