CHAR Technologies Ltd. (“CHAR”) (YES – TSXV) is pleased to announce that it has successfully commissioned its biocarbon production facility. CHAR creates two types of biocarbon, an activated charcoal “SulfaCHAR” and a solid biofuel (bio-coal) “CleanFyre.” At full capacity, the facility will be capable of producing up to 5 tonnes per day of biocarbon.
“Successful commissioning is a very significant milestone for CHAR,” said Andrew White, CEO of CHAR. “We are now able to produce commercial quantities of SulfaCHAR, as well as enough CleanFyre to test as part of our project with ArcelorMittal Dofasco and Walker Environmental.”
The completion of commissioning is the next milestone in CHAR’s Sustainable Development Technology Canada (SDTC) project. Upon acceptance of the milestone report by SDTC, the next progress payment can be processed.
CleanFyre is a carbon neutral solid biofuel, and through its implementation will allow users to significantly reduce their GHG emissions. SulfaCHAR is a zero-waste activated charcoal, with application in the desulfurization of renewable natural gas. Both are made from low-value materials, including anaerobic digestate and wood-based by-products.
CHAR Technologies Ltd. is a cleantech development and services company, specializing in biocarbon development (activated charcoal ‘SulfaCHAR’ and solid biofuel ‘CleanFyre’) and custom equipment for industrial air and water treatment, and providing services in environmental management, site investigation and remediation, engineering, and resource efficiency.
Statements contained in this press release contain “forward-looking information” within the meaning of Canadian securities laws. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in CHAR’s MD&A dated August 27th, 2018 and available under CHAR’s profile on www.sedar.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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Chief Executive Officer
CHAR Technologies Ltd.