- CHAR Technologies (YES) has commenced the Phase 1 of the Thorold Renewable Natural Gas & Biocarbon Project at the Thorold Multimodal Hub
- The Phase 1 of this project will contribute to a lower carbon intense economy by providing direct drop-in solutions to replace the consumption of fossil fuels
- The project is anticipated to produce renewable natural gas and biocarbons, converted from clean woody feedstocks that would otherwise be destined for landfills
- CHAR Technologies Ltd. is a cleantech development and services company
- Char Technologies Ltd. was up 11.538 per cent, trading at $0.29 at 11:55 AM ET
CHAR Technologies (YES) has commenced Phase 1 of the Thorold Renewable Natural Gas & Biocarbon Project at the Thorold Multimodal Hub.
The first phase of this project, supported by the Natural Gas Innovation Fund, as well as Bio industrial Innovation Canada, will contribute to a lower carbon intense economy by providing direct drop-in solutions to replace the consumption of fossil fuels.
When it begins operation, the project is anticipated to produce both renewable natural gas (RNG) and biocarbon, converted from clean woody feedstocks that would otherwise be destined for landfills.
The Hub’s strategic location, off the Welland Canal that connects Lake Ontario and Lake Erie, provides market access for both the RNG and biocarbons to industrial end use customers by water, highway and railway.
“We are excited to advance the Thorold Project, and for the opportunity to join the growing ecosystem at the Thorold Multimodal Hub,” stated CHAR Technologies CEO, Andrew White.
“This project will serve to decarbonize heavy industry, and the strategic location of the Hub provides us with access to a variety of reliable feedstock and end user supply chains,” he added.
The Hub site owner, Bioveld Canada, a BMI Group Company, partnered with the Hamilton Oshawa Port Authority (HOPA) Ports to launch the Thorold Multimodal Hub in 2021. The Hub is a 250+ acre complex of multi-user warehousing, transloading and development space, with marine, rail and highway access.
“The synergies between CHAR with existing and future tenancy within the bio-economy is extremely exciting to me,” said Paul Veldman, Managing Partner of the BMI Group.
CHAR Technologies Ltd. is a cleantech development and services company, specializing in organic waste pyrolysis and biocarbon development, custom equipment for industrial air and water treatment, and providing services in environmental management, site investigation and remediation, engineering, environmental compliance and resource efficiency.
Char Technologies Ltd. was up 11.538 per cent, trading at $0.29 at 11:55 AM ET.
