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Canada Invests in World’s First Carbon Capture Technology Demonstration in Pulp and Paper Industries

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TROIS-RIVIÈRES, QC, Nov. 1, 2024 /CNW/ – Clean technologies and low-carbon solutions are a critical part for improving efficiency in Canada’s forest sector and lowering emissions while growing Canada’s economy. Developing and deploying these technologies and solutions not only helps to fight climate change but also creates new, sustainable jobs.

Today, the Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry; with the Honourable Benoit Charette, Quebec’s Minister of the Environment, the Fight Against Climate Change, Wildlife and Parks; and the Honourable Jean Boulet, Quebec’s Minister of Labour, announced a federal contribution of more than $8 million to Kruger Wayagamack Pulp and Paper Mill for its Decarbonization of Kruger Wayagamack Mill Using an Innovative Molten Borates Technology project.

With this funding, Kruger Wayagamack Mill will install the world’s first demonstration-scale carbon capture system in a pulp and paper industrial setting at their facility in Trois-Rivières. This innovative system will allow the organization to recover heat to produce steam and capture carbon dioxide (CO2) produced by the paper production process and utilize it in its paper mill. This project will reduce energy losses, lower operating costs and aims to reduce the Mill’s CO2 emissions by 1,800 tonnes per year in the Wayagamack Mill. It will also serve as a model for carbon removal that can be replicated throughout the pulp and paper industry.

Funding for this initiative is provided through Natural Resources Canada’s Investment in Forest Industry Transformation (IFIT) program. IFIT aims to improve the environmental performance of the forestry sector by facilitating the adoption of transformative technologies that contribute to the decarbonization of industrial processes. The program aims to create a more competitive, resilient and environmentally sustainable sector with a focus on innovative, low-carbon projects that result in new or diversified revenue streams.

Quotes

“Through our Investment in Forest Industry Transformation program, we are continuing to support Quebec’s forest sector to implement innovative technologies that increase efficiency and capacity, lower emissions and create good, sustainable jobs. Today’s investment is an excellent example of how we can continue to reduce emissions while helping to ensure the long-term sustainability of Canada’s forestry sector.”

The Honourable Jonathan Wilkinson
Minister of Energy and Natural Resources

“Canada’s forest sector provides economic opportunity and secure livelihoods for Canadians in communities right across the country. By investing in the Kruger Wayagamack facility in Trois-Rivières, we are ensuring that local communities continue to reap the benefits of the sustainable use of Canada’s forest resources.”

The Honourable François-Philippe Champagne
Minister of Innovation, Science and Industry

“We applaud the Government of Canada’s vision and its commitment to supporting projects that help decarbonize the paper industry. Thanks to the funding provided through Natural Resources Canada’s Investments in Forest Industry Transformation program, companies like Kruger can take part in high-level research and development projects. This project has the potential to offer a sustainable carbon capture, utilization and storage solution for the entire manufacturing sector. It fits perfectly with Kruger’s strategy to accelerate its efforts to decarbonize its operations.”

Justin Paillé
Senior Vice President, Manufacturing, Kruger Pulp and Paper

Quick Facts

The project is receiving $8.1 million in funding from Natural Resources Canada and $9.5 million through the Government of Quebec’s Technoclimat program.Since its creation in 2010, Natural Resources Canada’s IFIT program has invested over $378 million in 95 projects across Canada, with more than $171.1 million for 29 projects in Quebec — all of which support Canada’s forest sector competitiveness and environmental performance.

Associated Links

Kruger Wayagamack Coated Paper MillMantel – Press ReleaseInvestments in Forest Industry Transformation ProgramForest Innovation ProgramCanadian Wood Fibre CentreSustainable Jobs Plan2030 Emissions Reduction Plan: Clean Air, Strong Economy

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SOURCE Natural Resources Canada

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Club Offers for Travel Enthusiasts in Canada

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TORONTO, Oct 23, 2026 /PRNewswire/ — Travelzoo® (NASDAQ: TZOO), the club for travel enthusiasts, announces three of many new Club Offers for Club Members in Canada.

Rigorously vetted and negotiated for us travel enthusiasts:

$799—COSTA RICA WEEK WITH FLIGHTS & CAR
We think fall is an ideal time to visit Costa Rica; the scenery is lush and the crowds are gone. Drive between volcanic Arenal and the idyllic beaches of Tamarindo on this seven-night trip. Since it’s not as busy, we were able to negotiate a price that saves members up to $648 on departures through mid-December.

$899—BARCELONA: 5 NIGHTS WITH FLIGHTS
Explore Barcelona’s world-class museums and architectural masterpieces in the quieter winter months to pack more into your trip. You won’t waste hours in lines and can access top restaurants that are fully booked in summer. We save $300 on travel this January and February, when temperatures are still spring-like. Roundtrip flights from Toronto, hotel and daily breakfast are included.

$999—ST. KITTS GETAWAY FOR 2, REG. $2083
Most visitors to St. Kitts book months in advance, but when we pointed out that travel enthusiasts are more spontaneous, this resort gave us a terrific rate for stays this November and December. Spend four nights in Frigate Bay and get an upgraded Oceanview room, too.

Are you a travel enthusiast? Join the club today: https://travelzoo.com

Who are we?
We, Travelzoo®, are the club for travel enthusiasts. We reach 30 million travellers. Club Members receive Club Offers negotiated and rigorously vetted by our deal experts around the globe. Our relationships with thousands of top travel companies give us access to irresistible deals. Our club and its benefits are built around the lifestyle of a modern travel enthusiast.

Media Contact: 
Amanda Ieraci – Toronto
+1 437 866 8540
aieraci@travelzoo.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/club-offers-for-travel-enthusiasts-in-canada-302918543.html

SOURCE Travelzoo

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Howard Hughes Holdings Set to Join S&P SmallCap 600

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NEW YORK, Oct. 23, 2026 /PRNewswire/ — Howard Hughes Holdings Inc. (NYSE: HHH) will replace Arcosa Inc. (NYSE: ACA) in the S&P SmallCap 600 effective prior to the opening of trading on Wednesday, October 28. S&P 500 constituent CRH plc (NYSE: CRH) has acquired Arcosa in a deal that closed today, October 23.

Following is a summary of the changes that will take place prior to the open of trading on the effective date:

Effective Date

Index Name  

Action

Company Name

Ticker

GICS Sector

October 28, 2026

S&P SmallCap 600

Addition

Howard Hughes Holdings

HHH

Real Estate

October 28, 2026

S&P SmallCap 600

Deletion

Arcosa

ACA

Industrials

ABOUT S&P DOW JONES INDICES

S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has been innovating and developing indices across the spectrum of asset classes helping to define the way investors measure and trade the markets.

S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spglobal.com/spdji/en/. 

FOR MORE INFORMATION:

S&P Dow Jones Indices
index_services@spglobal.com

Media Inquiries
spdji.comms@spglobal.com

View original content:https://www.prnewswire.com/news-releases/howard-hughes-holdings-set-to-join-sp-smallcap-600-302918511.html

SOURCE S&P Dow Jones Indices

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Chelsea FC announces multi-year sleeve partnership with Sokin, the business payments and FX platform

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Chelsea FC name fast-growing fintech platform as Principal Partner

LONDON, Oct. 23, 2026 /PRNewswire/ — Chelsea Football Club has today announced a multi-year partnership with Sokin, the embedded finance and payments company used by businesses worldwide. Sokin will be named a Principal Partner and Official Business Payments and FX Partner of Chelsea FC and Chelsea FC Women.

As a Principal Partner, Sokin will be represented on the sleeves of the Chelsea FC men’s, women’s and academy home, away, and third kits from the 2026/27 season.

The partnership brings together two ambitious London-headquartered organisations with worldwide reach – a club with millions of fans across the world and a fintech platform through which businesses move more than $11 billion a year. A club of Chelsea’s scale works in many currencies every day, with partners, competitions and supporters around the world, and needs a financial partner built to handle that.

Sokin gives finance teams business payments, multi-currency accounts, foreign exchange, checkout and treasury in one place, so they spend less time juggling banks and providers and keep more of what they move.

As Official Business Payments and FX Partner, Sokin will simplify how Chelsea FC sends, receives and manages money in the currencies the club operates in.

The Sokin logo will feature on the sleeve of the Chelsea shirt for the first time [when the men’s team host Tottenham Hotspur at Stamford Bridge on Saturday 24th October.]

Jason Gannon, President at Chelsea FC said:

“At Chelsea, we seek to partner with organisations that share our ambition and innovative mindset. Sokin’s expertise in business payments, and their focus on making both simpler for the businesses they serve, makes them a natural fit for the Club. We are pleased to welcome Sokin to the Chelsea family and look forward to working together in the years ahead.”

Vroon Modgill, CEO and founder at Sokin said:

“Chelsea plays on the biggest stage in world football, and its business runs in dozens of currencies. Sokin was built for that with regulated, multi-currency payments and foreign exchange for organisations that operate internationally. We’re proud to be the platform behind the business payments and FX of one of the most iconic teams in football. Sokin’s platform serves businesses in more than 170 countries. We’re thrilled to be partners for the season ahead. An organisation as sophisticated as Chelsea doesn’t leave its finances to chance.”

About Sokin

Sokin is the financial layer global business runs on. Businesses can transact, convert and hold money in 70+ currencies across 170+ countries. Some businesses use Sokin to manage global finance in-house. Others build it into their products to power financial experiences for their customers. Businesses move more than $9 billion a year on licenses Sokin holds in 36+ countries and infrastructure Sokin owns. Founded in 2019, Sokin has raised over $100 million from investors including Morgan Stanley Expansion Capital and Prysm Capital.

About Chelsea Football Club

Chelsea Football Club is one of the biggest, most successful football clubs globally and our men’s team are reigning world champions, having won the four-yearly FIFA Club World Cup in 2025. Our women’s team, Chelsea Women, are also multiple trophy winners.

Founded in 1905, Chelsea is London’s most central football club, based at the iconic 40,000-capacity Stamford Bridge stadium. Nicknamed the Blues, the club lifted the Champions League for the first time in 2012 and domestically has won the Premier League five times, the FA Cup eight times, the Football League Cup five times and the Football League Championship once, in 1955.

The Chelsea Women’s team have enjoyed a huge amount of success and in 2025 won the FA Women’s Super League for a sixth consecutive year and the eighth time overall. The Women’s FA Cup has been won on six occasions. We have also captured the FA Women’s League Cup four times as well as reaching the UEFA Women’s Champions League final in 2021. In two seasons, 2020/21 and 2024/25, a domestic treble of trophies was secured.

The Chelsea Foundation boasts one of the most extensive community initiatives in sport, helping to improve the lives of children and young people all over the world.

Media Contacts:

Taina Biggs
taina.biggs@sokin.com 

Nerissa Chesterfield
nerissa.chesterfield@chelseafc.com 

View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/chelsea-fc-announces-multi-year-sleeve-partnership-with-sokin-the-business-payments-and-fx-platform-302918466.html

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