Government of Ontario grants more than C$1 million to CHAR Technologies for biocoal project

April 2, 2018 |

In Canada, CHAR Technologies Ltd. announced it has been approved for a grant totaling C$1,062,385 provided by the Government of Ontario through the Low Carbon Innovation Fund (“LCIF”).  The grant is in support of CHAR’s CleanFyre biocoal project, with participation from ArcelorMittal Dofasco, Canada’s largest flat roll steel producer and a lead user of CleanFyre within the project, Walker Environmental as a feedstock supplier and BioLine Corporation as a feedstock pre-processor.

“This grant will allow CHAR to work with innovative and progressive companies, including Dofasco, Walker and Bioline, to further develop CleanFyre, a carbon neutral, sustainable, solid biofuel, that meets the strict requirements of the steelmaking industry,” said Andrew White, CEO of CHAR.  “The project will culminate with a 20-tonne trial in an operational blast furnace at Dofasco to prove CleanFyre’s applicability within the steel industry.”

CleanFyre is a carbon neutral solid biofuel, and through its implementation will allow users to significantly reduce their GHG emissions.  Project funding will be disbursed 50% in April, followed by four additional payments on successful milestone completion.

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