Business
CHAR Tech Awarded $2.25 Million From Ontario to Accelerate Low-Carbon Biocarbon Pellet Commercialization
TORONTO, Dec. 10, 2025 (GLOBE NEWSWIRE) -- CHAR Technologies Ltd. (“ CHAR Tech ”...
About this update from Char Technologies Ltd.
[{"type":"text","content":"CHAR Tech Awarded $2.25 Million From Ontario to Accelerate Low-Carbon Biocarbon Pellet Commercialization\n\n\n\n TORONTO, Dec. 10, 2025 (GLOBE NEWSWIRE) -- CHAR Technologies Ltd. (“\n \n CHAR Tech\n \n ” or the “\n \n Company\n \n ”) (TSXV:YES), a leader in sustainable energy solutions, is pleased to announce that the Ontario government has awarded a $2.25 million non repayable reimbursement grant through the Forest Biomass Program for 50% of eligible project costs to accelerate the Thorold Renewable Energy Facility’s commercialization of biocarbon pellets. The biocarbon pellets are a made-in-Ontario renewable reductant and fuel designed as a drop-in replacement for fossil carbon in steelmaking and other heavy industrial applications.\n \n\n This investment supports CHAR Tech’s work to optimize biocarbon pellet production at the Thorold Renewable Energy Facility, improving durability, density, and handling characteristics required for industrial use and long-distance transport. These advancements will help supply Ontario steelmakers and position CHAR Tech to export Ontario-made biocarbon to European markets where demand for low-carbon industrial fuels continues to increase.\n \n\n Expanding the commercial pellet line is already underway, and the Company expects the upgraded line to be completed in 2026 to align with the installation timelines of the second High Temperature Pyrolysis (“\n \n HTP\n \n ”) kiln as part of Phase 2 facility construction.\n \n\n “Our government is protecting forest sector jobs by empowering innovative businesses to develop the untapped potential of forest biomass,” said Kevin Holland, Associate Minister of Forestry and Forest Products. “We are investing in emerging technologies to bring next-generation renewable fuels to market and advance greener and cleaner manufacturing with made-in-Ontario forest products – seizing our opportunity to establish Ontario as a global leader in biocoal.”\n \n\n “We thank the Ontario government for its support to accelerate CHAR Tech’s work in advancing biocarbon pellets as a made-in-Ontario, drop-in replacement for fossil carbon in steelmaking,” said Andrew White, CEO of CHAR Tech. “This investment strengthens the market for forest biomass, supports job...