Greenlid - an Ontario company that produces compostable products, primarily one-time-use items such as plates, bowls, coffee cups, and lids is going to build a new manufacturing facility that will bring the company’s production to Dundalk, Ontario. To advance this project, the government is providing Greenlid with $500,000 in funding through the Regional Development Program’s Southwestern Ontario Development Fund. Since 2019, Ontario has invested $66 million in 60 companies and organizations, like Greenlid through the Regional Development Program. The program provides cost-shared funding to businesses, municipalities and economic development organizations.
Greenlid currently does its manufacturing in China. With this investment, Greenlid will build a 60,000 square foot facility in Dundalk with all the equipment necessary for the manufacturing of the company’s products, as well as capacity for ongoing research and innovation.
Founded in Toronto in 2014, Greenlid developed a patented compostable material as a replacement for plastic or biodegradable materials. This technology led to an investment through the television program Dragon’s Den where hopeful entrepreneurs pitch their business ideas to a panel of venture capitalists. Greenlid products are now sold in 14,000 retail stores in North America.
"Greenlid is excited to expand and build manufacturing operations in rural Ontario after rapid growth in the past several years. After its start on Dragons’ Den, Greenlid now supplies over 14,000 retail stores across North America with truly compostable product lines in the tableware and foodservice categories.
Ice River Sustainable Solutions, Ontario’s leading recycler of Blue Box PET Plastic, has taken a majority shareholder position of Greenlid. "With the additional support of the Ontario government for this project and local community, Greenlid's state of the art Non-wood Fibre Manufacturing and Innovation Centre at Southgate EcoPark will now specialize in developing Ontario’s agricultural fibre waste into high value compostable products with less impact on the environment and further Ontario’s sustainability and economic development goals," said Morgan Wyatt, Greenlid's CEO in a media release.
source: media release, Government of Ontario
