Char wins federal funding

CHAR Technologies Ltd. has received an investment of $1.5 million from the Government of Canada, through the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), to support the Company’s Thorold Renewable Natural Gas & Biocarbon Project.

This investment, in the form of an interest-free repayable contribution toward certain eligible project costs, is provided through FedDev Ontario’s Jobs and Growth Fund (JGF).

The Thorold Phase 1 Project will see CHAR relocate and recommission its existing London facility to the Thorold Multimodal Hub. Once fully operational, the project is anticipated to simultaneously produce renewable natural gas (RNG) and biocarbons, converted from clean woody feedstocks that would otherwise be destined for landfills.

“We are thrilled to be the recipient of FedDev JGF funding to support the development and adoption of our made in Canada clean technology,” said CHAR Technologies CEO, Andrew White.

“Thanks to FedDev’s funding, CHAR will be positioned to increase biocarbon production capacity from 1,000 tonnes to 10,000 tonnes per year. This supports Canada’s Net Zero targets by increasing the supply of clean fuels generated from sustainable resources, which is part of our goal of decarbonizing for a circular economy.”