CHAR Announces Milestone 1,000 Tonne Biocoal Order

TORONTO, March 17, 2021 (GLOBE NEWSWIRE) — CHAR Technologies Ltd. (“CHAR”) (TSXV: YES) is pleased to announce a purchase order from one of Canada’s largest steel producers for up to 1,000 tonnes of CHAR’s proprietary CleanFyre biocoal. This contract builds on CHAR’s previous successful pilot production run of 20 tonnes and is the next step in ongoing commercialization work. CleanFyre is a carbon-neutral, solid biofuel, made from various woody-biomasses and woodwastes and provides a low greenhouse gas (“GHG”) emission biocoal substitute to integrate into existing steelmaking processes.