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The Red Gold of the North Coast

Summary by Le Nord-Côtier
Each year, Quebec's fisheries sector generates more than 40,000 tonnes of crustacean shells. The Côte-Nord Red Gold, a new Sept-Îles company, proposes to upgrade this by-product in order to obtain a macromolecule from which the world market is estimated at nearly $4 billion in 2026. The new bio-food processing company, led by Marc Fafard, has contributed to the development of a patented process to extract and process chitosan more efficiently. T…
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Each year, Quebec's fisheries sector generates more than 40,000 tonnes of crustacean shells. The Côte-Nord Red Gold, a new Sept-Îles company, proposes to upgrade this by-product in order to obtain a macromolecule from which the world market is estimated at nearly $4 billion in 2026. The new bio-food processing company, led by Marc Fafard, has contributed to the development of a patented process to extract and process chitosan more efficiently. T…

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Le Nord-Côtier broke the news on Wednesday, April 22, 2026.
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