CHAR Tech Welcomes Québec's $87 Billion Energy Plan Backing Biomass to Renewable Energy

About this update from Char Technologies Ltd.

CHAR Tech Welcomes Québec's $87 Billion Energy Plan Backing Biomass to Renewable EnergyGovernment of Québec tabled its Energy Plan, the PGIRE, targeting $87 billion investment in renewable energy over next 25 yearsPGIRE identifies forest bioenergy as a sector needing new capacity and investmentCHAR Tech produces two forms of forest bioenergy: renewable natural gas and biocarbon produced from forestry residuals TORONTO, ON / ACCESS Newswire / July 13, 2026 / CHAR Technologies Ltd. ("CHAR Tech" or the "Company"), a leader in sustainable biomass energy solutions, welcomes the Government of Québec's tabling on June 30, 2026, of its Plan de gestion intégrée des ressources énergétiques ("PGIRE") 2026-2050, known in English as the Integrated Energy Resources Management Plan.The PGIRE is Québec's proposed 2050 roadmap to increase the Province's consumption of renewable energy backed by an estimated $87 billion in investments over 25 years for bioenergy, electricity, hydrogen and carbon capture named as investment areas.The PGIRE forest bioenergy sector includes renewable natural gas ("RNG") and biocarbon produced from forestry residuals and is recommending capacity growth and investment to the sector. The PGIRE states RNG is currently the only renewable gas that can scale into Québec's existing pipeline network, since hydrogen remains technically constrained, and separately names solid bioenergy, such as biocarbon, as central to decarbonizing heavy industries, where coal has been hard to replace.CHAR Tech produces two forms of forest bioenergy, RNG and biocarbon, both made from forestry residuals, and the Company's Québec growth strategy align directly with the PGIRE's targets for the sector. The Company is developing a modular network of Québec HTP facilities that will convert regional forestry residuals into RNG and biochar on-site, with biochar sent to its Saguenay facility for pelletizing into biocarbon under a secured offtake agreement for 62,500 tonnes over five years (12,500 tonnes per year) with ferrosilicon producer Elkem ASA.The Company's modular network of Québec facilities is projected to produce a combined output of at least 750,000 GJ/yr of RNG and at least 15,000 tonnes/yr of biocarbon."We're really supportive of the PGIRE and look forward to seeing it pass into reality. The plan aligns wi...

View stock analysis, news, and events for Char Technologies Ltd.