CHAR advances new biomass-to-RNG project
The high-temperature pyrolysis (HTP) project near Kirkland Lake will potentially produce 500,000 gigajoules per year of RNG and 10,000 tonnes per year of CHAR’s proprietary CleanFyre biocoal. The CleanFyre will be earmarked for future sale to the steelmaking and metal smelting industries.
The company previously entered into a land purchase option agreement with the town of Kirkland Lake regarding the proposed project site, as well as a letter of interest for biomass supply to the project. CHAR also signed an exclusive letter of intent with a Canadian gas utility for long-term RNG offtake, which is expected to be finalised in early 2022.
“We continue to gain market reputation and interest through the demonstration of our proprietary HTP systems and its solution for reducing greenhouse gas emissions.
“As society recognises the value of converting low-value by-products and waste materials to valuable clean energy sources, that we can transition to a circular economy. RNG is CHAR’s next vertical in line with our current business objectives.”