Market Herald logo

Subscribe

Be the first with the news that moves the market
  • CHAR Technologies (YES) is partnering with Hitachi Zosen Inova (HZI) to develop a pyrolysis to green hydrogen system
  • CHAR’s high-temperature pyrolysis system will process 18,000 tonnes of solid anaerobic digestate into 1,320 tonnes of green hydrogen, and 2,800 tonnes of biocarbon per year
  • CHAR will be the initial project owner, with HZI managing system operations
  • CHAR and HZI will collaboratively engage with the community of San Luis Obispo
  • CHAR is a cleantech development and services company that specializes in high-temperature pyrolysis
  • Hitachi Zosen Inova (HZI) is a global cleantech company producing energy from waste and renewable gas
  • Char Technologies Ltd. (YES) opened trading at C$0.60 per share

CHAR Technologies (YES) is partnering with Hitachi Zosen Inova (HZI) to develop a high-temperature pyrolysis to green hydrogen system.

Under the definitive agreement with HZI’s SLO operating company, CHAR’s high-temperature pyrolysis system will process 18,000 tonnes of solid anaerobic digestate into 1,320 tonnes of green hydrogen, and 2,800 tonnes of biocarbon per year.

The project will be delivered under a BOOT (build-own-operate-transfer) model, where CHAR will be the initial project owner, with HZI managing system operations. While CHAR owns the assets, CHAR will receive revenues directly for the project outputs (green hydrogen and biocarbon).

Upon executing the transfer, HZI’s subsidiary will purchase the project for a one-time payment. Ongoing project output revenues will be dispersed based on a predefined agreement.

Andrew White, CEO of CHAR spoke about the partnership.

“We’re excited to work with HZI, a global anaerobic digestion system developer who just celebrated their 100th Kompogas plant, to further add value to the waste streams they process.

“The HZI SLO facility currently produces green electricity from green bin wastes, and adding our system allows for the additional production of green hydrogen into the California market.”

Heath Jones, HZI’s Managing Director for North America stated,

“Hitachi Zosen Inova is committed to innovating and developing projects that harness the methane released from waste and support a carbon free economy. We are always looking for progressive ways to expand our net negative carbon footprint and draw even more value from the waste processed at our renewable gas facilities. Adding CHAR’s innovative technology to create green hydrogen and biochar at HZI’s Anerobic Digestion plant in San Luis Obispo continues to showcase both HZI and CHAR’s commitment to building a carbon free economy.”

With the commercial terms agreed to, CHAR and HZI will collaboratively engage with the community of San Luis Obispo. It is anticipated that a community education meeting will take place in the near future.

CHAR is a cleantech development and services company that specializes in high-temperature pyrolysis, converting woody materials and organic waste into renewable gases and biocarbon.

Hitachi Zosen Inova (HZI) is a global cleantech company producing energy from waste (EfW) and renewable gas.

Char Technologies Ltd. (YES) opened trading at C$0.60 per share.

More From The Market Herald

" EasTower Wireless (TSXV:ESTW) to develop its largest 5G Florida site to date

EasTower Wireless (ESTW) has secured a new site build from one of the largest national tower owners in the U.S.

" Biosenta (CSE:ZRO) yields encouraging results for the construction industry

Biosenta (ZRO) has reported recent success with its latest development–environmentally friendly biocidal particles.

" SHARC (CSE:SHRC) shares Q1 2022 financial results

SHARC International Systems (SHRC) announced significant revenue & pipeline growth for the first quarter ended March 31, 2022. 

" KWESST (TSXV:KWE) gets Authorized Integrator designation

KWESST Micro Systems (KWE) has been designated an authorized integrator of Persistent Systems products.