Peterborough-based start-up Noble Tech, parent company to Noble Purification, has announced plans for a $20 million, 50,000-square-foot production facility, offering sustainable solutions for wastewater treatment, nutritional and pharmaceutical sectors while expanding Ontario’s green economy.
Noble Tech Inc. founder Adam Noble announced the plans for the company’s growth Monday (February 8th) at Trent University—with a goal to become the premier tenant of the new Trent Research and Innovation Park.
“We see algae differently. We want to create a more sustainable future," Noble says. "We are going to change the way the world treats water and we want to do that right here in Peterborough."
Noble Tech Inc. is a next generation bioproducts company with a goal to create a more sustainable future. It researches, cultivates and markets unique microalgae strains and their derivatives for various market applications from wastewater treatment to nutritional products, and eventually, pharmaceuticals.
Noble Tech plans to begin construction on its new facility in Spring 2017. The new facility will have a capacity to produce more than 10,000 tonnes of algae per year. The timing is dependent on the construction of servicing to the Trent Research and Innovation Park by the City of Peterborough and Trent University, and the City of Peterborough finalizing the management structure for the park.
Noble currently employs six people with plans to grow its team to 12 people in 2016. When Noble’s new research and production facility is completed, its workforce is projected to increase to 25 positions.
Noble Purification, a Peterborough-based start-up company and founder client of the Innovation Cluster's "The Cube" innovative technology incubator program, unveiled its new bio-filtration plant recently.
The new bio-filtration pilot plant has state-of the-art water purification equipment with filtration processes for converting algae blooms into feedstock for biofuels, while purifying wastewater.
Inventor Adam Noble
Adam Noble, CEO of Noble Purification, invented this amazing new filtration method. Here's how it works: The Euglena BioFiltration System is a simple concept inspired by nature. The idea derives from algae blooms and their ability to extract nearly all nutrients from their surroundings. Noble took this one step further to employ a very unique alga that can be tricked into absorbing minerals, heavy metals and other pollutants from the environment. Though algae blooms wreak havoc on our ecosystems, Noble has applied the same philosophy for positive results.
Noble and his team have the motivation, resources, knowledge and support to make a difference in the world, and their goal is to implement their biofiltration system in municipalities in Canada.
Noble wants to create sustainable and life-changing development, and they're beta testing this out of their county road plant near Trent University.
Noble Purification and The Cube collaborating on this unique venture is another example of technology innovation and ingenuity happening right here in Peterborough.