- CHAR Technologies (YES) has started surveying and geotechnical testing at the proposed site of its woody-biomass to renewable natural gas (RNG) project
- The RNG High Temperature Pyrolysis (HTP) project is located near Kirkland Lake, Ontario
- The project will potentially produce 500,000 gigajoules per year (GJ/yr) of RNG, and 10,000 tonnes per year of the company’s proprietary CleanFyre biocoal.
- The project will be designed, built, operated and owned by CHAR
- CHAR Technologies is up 7.23 per cent, trading at $0.89 at 12:11 pm ET
CHAR Technologies (YES) has started surveying and geotechnical testing at the proposed site of its woody-biomass to renewable natural gas (RNG) project.
The RNG High Temperature Pyrolysis (HTP) project is located near Kirkland Lake, Ontario.
The project will potentially produce 500,000 gigajoules per year (GJ/yr) of RNG, and 10,000 tonnes per year of the company’s proprietary CleanFyre biocoal.
The Kirkland Lake project will be designed, built, operated and owned by CHAR.
The Toronto-based company signed an exclusive letter of interest in September, with a Canadian gas utility for long term RNG offtake. It is anticipated that an offtake contract will be finalized by early 2022. CleanFyre from the proposed Kirkland Lake facility will be earmarked for future sale to the steel making and metal smelting industries.
“We continue to gain market penetration and interest through the demonstration of our proprietary HTP systems and its solution for reducing greenhouse gas emissions. As society recognizes the value of converting low-value by-products and waste materials to valuable clean energy sources, that we can transition to a circular economy. Renewable Natural Gas is CHAR’s next vertical in line with our current business objectives,” said CHAR CEO Andrew White.
CHAR Technologies is a cleantech development and services company, specializing in organic waste pyrolysis and biocarbon development, custom equipment for industrial air and water treatment.
CHAR Technologies is up 7.23 per cent, trading at $0.89 at 12:11 pm ET.