CHAR receives biocoal order from major Canadian steel producer

CHAR Technologies has received an order from one of Canada’s largest steel producers for up to 1,000 tonnes of its CleanFyre biocoal.

CleanFyre is a carbon-neutral, solid biofuel, made from various woody biomasses and wood wastes and provides a low greenhouse gas (GHG) emission biocoal substitute to integrate into existing steelmaking processes.

The contract builds on CHAR’s previous successful pilot production run of 20 tonnes and is the next step in ongoing commercialisation work.

Andrew White, CEO of CHAR, said: “This milestone purchase order further demonstrates the opportunities to replace fossil coal with CleanFyre, CHAR’s carbon-neutral, sustainable, solid biofuel that meets the strict requirements of the steelmaking industry.

“Our proprietary solutions provide innovative and progressive companies with a significant advantage in reducing GHG emissions while building on a circular economy.

“The 1,000-tonne contract equates to removing approximately 580 cars off the road for one year. This is the first major step in capitalising on a massive total available market in the steel industry.”

March 18, 2021

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