CHAR Tech Updates on Renewable Energy Projects Progress

Progress Updates on CHAR Tech's Renewable Energy Projects

TORONTO – CHAR Technologies (TSXV:YES), a recognized name in sustainable energy solutions, has recently shared key updates regarding its Lake Nipigon and Saint-Félicien renewable energy facilities, highlighting their commitment to innovation and environmental stewardship.

Lake Nipigon Forest Renewable Energy Facility

The Lake Nipigon project represents CHAR Tech's second endeavor in building and operating a renewable energy facility, situated north of Thunder Bay, Ontario. This initiative is being developed in collaboration with Lake Nipigon Forest Management Inc. (LNFMI), an Indigenous partnership that secures CHAR Tech's sustainable feedstock supply.

In the past year, the project site has experienced significant development. Initial photos from December 2023 showed a greenfield location, and just a year later, in December 2024, the site is fully prepared for the commencement of CHAR Tech facility construction, set to begin in 2025. The transformation underscores the capability and urgency behind renewable energy projects.

During 2024, CHAR Tech successfully finalized the engineering package for wood waste to biocarbon production. With a target date for commercial biocarbon production in late 2025, the commencement of construction depends on weather patterns and the severity of the winter in Northern Ontario.

Following the establishment of biocarbon production, CHAR Tech aims to advance to the next phase, focusing on Renewable Natural Gas (RNG) production to enhance their energy offerings.

Saint-Félicien Renewable Energy Facility

Recently, CHAR Tech announced an exciting milestone: the Government of Québec approved a funding grant of $2.5 million through the Programme Innovation Bois to support the advancement of the Saint-Félicien project. This project is set to convert wood waste and residuals into biocarbon, providing a carbon-neutral alternative to metallurgical coal, while also producing green hydrogen, which will be upgraded into RNG.

Located strategically at an industrial cogeneration facility site, the Saint-Félicien project benefits from existing utilities, a significant advantage for CHAR Tech as it prepares to execute this vital renewable energy initiative.

Partnership with SCSF

La Société de cogénération de Saint-Félicien (SCSF), owned by Green Leaf Power, operates a 25 megawatt cogeneration facility capable of converting approximately 260,000 green metric tonnes of wood waste biomass into renewable energy each year. This partnership ensures a long-term supply of wood waste feedstock and provides the necessary infrastructure to assure project readiness and success.

As CHAR Tech progresses into 2025, detailed engineering will continue alongside efforts to secure the financial framework essential for launching the project. The aim is to kick-off construction within the year, with operations expected to begin in 2026.

About CHAR Tech

CHAR Technologies is pioneering high temperature pyrolysis (HTP) technology, converting unmerchantable wood and organic waste into two renewable energy revenue streams: renewable natural gas (RNG) and a carbon-neutral drop-in biocarbon replacement for metallurgical coal used in steel making. This innovative solution plays a critical role in waste management and supports the transition to a more sustainable energy economy.

CHAR’s commitment to environmental responsibility resonates deeply with global initiatives aimed at reducing landfill waste and promoting green energy solutions needed for heavy industry decarbonization.

Frequently Asked Questions

What is CHAR Tech's role in renewable energy?

CHAR Tech specializes in sustainable energy by developing innovative technologies to convert waste into renewable biocarbon and natural gas.

How does the Lake Nipigon project benefit Indigenous communities?

Through partnerships with Indigenous firms like LNFMI, CHAR Tech ensures a sustainable feedstock supply, promoting economic growth within those communities.

What advancements have been made at the Saint-Félicien facility?

A recent government grant supports the conversion of wood waste into biocarbon and hydrogen, enhancing the facility's output potential.

When is construction expected to start on these projects?

Construction for CHAR Tech's facilities is set to commence in 2025 at Lake Nipigon and Saint-Félicien.

How does CHAR Tech contribute to the fight against climate change?

By transforming waste into renewable energy, CHAR Tech plays a pivotal role in reducing landfill waste and lowering carbon emissions, promoting sustainability.

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