Desjardins Caisse des Technologies and Desjardins Entreprises Caisses de Groupes, have awarded a ”Fonds C” worth $10,000 to Groupe Onym.
Founded in 2016, Groupe Onym’s mission is to become the largest generator of bioenergy and bioproducts with the smallest life-cycle carbon footprint.
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What is the ”Fonds C”?
Groupe Onym has obtained $10,000 in support from the «Fonds C» for the implementation of its technology showcase plant in Montreal East, which produces bioenergy and bioproducts from the transformation of biomass waste.
The «Fonds C» was created to stimulate economic development and business growth in different categories of projects such as innovation, digital transformation, development of foreign markets, etc.
Who are the leading innovators behind Groupe Onym?
Yvon Nadeau and Mustapha Ouyed, the two co-founders of Groupe Onym, have, over the past 10 years, oﬀered their expertise and developed renewable resource projects, through emerging technologies and equipment.
The partners have accumulated several years of experience in their respective fields. Thus, their combination allows them to oﬀer a unique and attractive business model.
“Yvon and Mustapha presented us with a business model that relies on technologies that give hope in tomorrow […] To be in the daily company of visionary entrepreneurs who tackle the major issues of our modern society is what I like most about my role as general manager,” says Jean-François Trudel, general manager of Desjardins Caisse des Technologies.
Bioenergy and bioproducts: clean and sustainable alternatives
With the global energy, chemical and industrial transition, priorities are changing and it has become essential to deploy new solutions, such as bioenergy and bioproducts, to ensure the sustainability and growth of companies. That’s why ONYM Group offers to help industrial facilities in Quebec and elsewhere reduce their fossil fuel consumption and greenhouse gas emissions, while maintaining their financial viability, in a sustainable development and circular economy approach.
Thanks to its technological platform developed in Quebec, ONYM Group’s business model consists of deploying biofuel and bioproduct production units, by transforming biomass residues, and supplying them to industrial facilities at costs competitive with those of traditional fossil fuels such as natural gas, fuel oil or coal. Following the success of its demonstration plant operated from 2016 to 2019, ONYM Group has installed a technology showcase plant inside a petrochemical plant in Montreal’s east end and is working on the deployment of future commercial plants.
“The expertise we gained from our previous experiences allowed us to set up our technology showcase plant with a lot of automation, exactly the way we wanted it.” Explains Mustapha Ouyed, Executive Vice President at ONYM Group, during a tour of the facility in Montreal East.
ONYM is committed to working with industries and governments to help them achieve their 2050 GHG emission reduction targets by offering clean and sustainable alternatives.
Desjardins participates in the circular transition
“There is a lot of opportunity to diversify one’s operations, improve productivity and create opportunities towards new products and services for entrepreneurs who make the shift to the circular economy.”Guy Cormier, President and Chief Executive Officer of Desjardins Group
In a recent article published on quebeccirculaire.org, Guy Cormier, President and CEO of Desjardins Group, argues that financial institutions must accompany the business community in the transition if it is to be a shared success.
Onym Group’s production of bioenergy and bioproducts is a fine example of what can be accomplished in terms of the circular economy, and Desjardins is proud to support, through the C Fund, visionary businesses that are committed to the circular transition.
Desjardins Caisse des Technologies: a team dedicated to innovation and the technological ecosystem
Are you an innovative company or startup in the technology sector that would like to receive financial support? The Desjardins Caisse des Technologies business team is there to help you.
More details here