- BluSky Carbon (CSE:BSKY) has revealed it has entered into a joint venture with Red Mountain Biochar
- The companies will create a business venture called BluMountain Carbon
- Through the joint venture, the companies will commercialize multiple potential biochar offtake and project financing opportunities
- Shares of BluSky Carbon are up 4 per cent to C$0.52 as of 11:03 am ET
BluSky Carbon (CSE:BSKY) has revealed it has entered into a joint venture with Red Mountain Biochar.
In a news release, the company stated that the two entities will create a business venture called BluMountain Carbon.
Through the joint venture, the companies will commercialize multiple potential biochar offtake and project financing opportunities.
There will be a particular focus on the southern United States and the production and processing of biochar deployment of carbon removal technologies, and exploration and deployment of opportunities in related industries and technologies.
“Married with our expertise in technology and carbon markets, we are excited to have this opportunity to join with them to pursue mutually advantageous projects as industry partners,” Will Hessert, CEO of BluSky Carbon, said in a statement.
Red Mountain is focused on transforming forestry and agricultural waste into high-quality biochar.
BluSky Carbon converts organic and industrial waste into biochar, renewable power and carbonate rocks, as well as the development and sale of carbon capture technology.
Shares of BluSky Carbon Inc. (CSE:BSKY) are up 4 per cent to C$0.52 as of 11:03 am ET.
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