- CHAR Technologies Ltd. (YES) announces new biocarbon and renewable natural gas project in Saint-Félicien, Québec
- CHAR will deploy, own, and operate a high temperature pyrolysis system near a biomass power plant on land that has been reserved for the company
- The facility will produce approximately 5,000 tonnes per year of biocarbon and 250,000 gigajoule per year of renewable natural gas
- The facility will leverage the existing biomass handling and processing equipment operated for the Centre de Valorisation de la Biomasse du Domaine-du-Roy
- This project is part of a development focus aimed at reducing greenhouse gases and recovering thermal waste
- CHAR Technologies Ltd. (YES) is up 13.21 per cent trading at $0.60 per share as of 1:33 p.m. EST
CHAR Technologies Ltd. (YES) announces new biocarbon and renewable natural gas project in Saint-Félicien, Québec.
CHAR will deploy, own, and operate a high-temperature pyrolysis system near a biomass power plant on land that has been reserved for the company.
The facility will produce approximately 5,000 tonnes per year of biocarbon and 250,000 gigajoules per year of renewable natural gas.
For this, CHAR has received a letter of interest from the local natural gas utility.
The project will be phased to allow for a rapid deployment and a shorter time to create initial revenue.
The facility will leverage the existing biomass handling and processing equipment operated for the Centre de Valorisation de la Biomasse du Domaine-du-Roy (CVB).
This allows CHAR to have significant overall project capital savings.
The CVB is a public-private consortium between the local municipality, the Société de Cogénération de Saint-Félicien, and subsidiary CharTech Solutions.
Andrew White, CEO of CHAR stated,
“We are excited to join the collaborative and forward-looking MRC du Domaine-du-Roy through the CVB to deploy CharTech Solutions’ leading HTP system in Québec and help position the Saguenay-Lac-Saint-Jean region as a leader in advanced biomass processes.”
The CVB is identified by regional stakeholders as a priority for the development of the nearby forest sector and in Québec.
This project is part of the development focus of the Government of Québec aimed at reducing greenhouse gases and recovering thermal waste.
CHAR Technologies Ltd. (YES) is up 13.21 per cent trading at $0.60 per share as of 1:33 p.m. EST.