CHAR Technologies Ltd.
Symbol: TSXV: YES OTCPK: CTRNF
Market Cap: Private
Sector: Clean Technology
- CHAR’s, global first-in-kind, high temperature pyrolysis (HTP) process converts woody biomass to simultaneously produce two highly profitable green energy outputs ready for industrial decarbonization
- a gas stream with end use as either renewable natural gas or green hydrogen, and a solid biocarbon used to replace fossil coal in steelmaking.
- In 2022 CHAR Technologies Ltd. were recipients of over $CAD 12.8M investments from the governments of Canada and Ontario to build Canada’s largest woody biomass to renewable natural gas (RNG) and biocoal facility in Thorold, Ontario.
- When commercially operational, projected by end of 2024, CHAR’s Thorold facility will annually produce 500,000 gigajoules of RNG and 10,000 tonnes of biocarbon to generate revenues over $18M per year.