2022-02-10 02:55:15
In November 2021, CHAR Technologies Ltd. announced the commencement of surveying and geotechnical testing at the proposed site of its woody-biomass to renewable natural gas (RNG) high temperature pyrolysis (HTP) project near Kirkland Lake, Ont. This project will potentially produce 500,000 gigajoules per year of RNG, and 10,000 tonnes per year of CHAR’s proprietary CleanFyre biocoal. The Kirkland Lake project will be designed, built, operated and owned by CHAR.
The company had previously entered into a land purchase option agreement (July 2, 2021) with the town of Kirkland Lake with respect to the proposed project site, as well as a letter of interest (July 9, 2021) for biomass supply to the project, and an exclusive letter of interest (Sept. 16, 2021) with a Canadian gas utility for long term RNG off-take. It is anticipated that an off-take contract will be finalized in early 2022. CleanFyre from the proposed Kirkland Lake facility will be earmarked for future sale to the steel making and metal smelting industries.
Andrew White, CHAR CEO, said, “We continue to gain market penetration and interest through the demonstration of our proprietary HTP systems and its solution for reducing greenhouse gas emissions. As society recognizes the value of converting low-value by-products and waste materials to valuable clean energy sources, then we can transition to a circular economy. Renewable natural gas is CHAR’s next vertical in line with our current business objectives.”
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