CHAR Technologies

CHAR Technologies is a CleanTech company focused on organic waste pyrolysis and biocarbon development. It utilizes a proprietary high-temperature pyrolysis (HTP) technology to transform waste streams into syngas and biocarbon. In 2014, it was publicly listed under the “YES” ticker in the Toronto Stock Exchange.

The company had completed Phase 1 of the Thorold Renewable Natural Gas & Biocoal project, with the initial production of bio-coal in Thorold. The facility was projected to reach initial operations in 2025.

Key customers and partnerships

In March 2023, the company partnered with Synagro Technologies to demonstrate CHAR’s proprietary HTP process to eliminate PFAS (Per- and polyfluoroalkyl substances) from bio-solids to generate renewable energy and biochar.

In April 2023, CHAR Technologies Ltd. signed a Memorandum of Understanding (MOU) with Lake Nipigon Forest Management Inc. to develop a wood waste and residues to renewable natural gas (RNG) and biocarbon facility in the Lake Nipigon Region, Ontario.

In July 2023, CHAR has signed an MOU with ArcelorMittal Dofasco, a steel and mining company, to purchase biocarbon from CHAR’s Thorold, Ontario, facility to test the use of it as a partial replacement for fossil coal in the latter’s steelmaking processes.

Funding and Financials

The company’s most recent funding was in July 2023, when it received a CAD 6.6 million (~USD 5 million) investment by ArcelorMittal S.A and ArcelorMittal’s XCarb Innovation Fund. Previously, in June 2023, CHAR was awarded a USD 1.43 million grant from the Government of Canada through (NRCan) Clean Fuels Fund.