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FedDev Ontario invests CA$1.5M in Thorold Phase 1 Project

FedDev Ontario invests CA$1.5M in Thorold Phase 1 Project
CHAR Technologies has secured FedDev Ontario investment to relocate and recommission its existing London, Ontario (ON) facility to the Thorold Multimodal Hub in Niagara (photo courtesy CHAR Technologies).

In Canada, CHAR Technologies Ltd (CHAR) has announced that it has secured a CA$1.5 million investment from the Government of Canada, through the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), to support the firm’s Thorold Renewable Natural Gas & Biocarbon Project (Thorold Phase 1 Project).

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CHAR Technologies Ltd is a cleantech development and services company, specializing in organic waste pyrolysis and biocarbon development.

This investment, in the form of an interest-free repayable contribution toward certain eligible project costs, is provided through FedDev Ontario’s Jobs and Growth Fund (JGF).

We are thrilled to be the recipient of FedDev JGF funding to support the development and adoption of our made-in-Canada clean technology, said Andrew White, CEO of CHAR Technologies.

The Thorold Phase 1 Project will see CHAR relocate and recommission its existing London, Ontario (ON) facility to the Thorold Multimodal Hub where it will contribute to a lower carbon economy by providing direct drop-in solutions to replace the consumption of fossil fuels.

The Thorold Multimodal Hub is a 250-acre multimodal industrial complex in Niagara, adjacent to the Welland Canal. The Hub comprises a 155-acre space owned by Bioveld Canada Inc. and additional space owned by Hamilton Oshawa Port Authority Ports.

Unique to Niagara, it features marine, rail, and highway access, as well as ample indoor warehouse and outdoor storage space, which can be configured for a wide variety of industrial, cargo handling, and ancillary operations.

The Government of Canada is committed to supporting companies that are leading the charge on the development of innovative, clean solutions to help Canadians build a greener future for themselves and their families. Through investments, like the one today for CHAR Technologies Thorold Inc., we are creating skilled jobs and helping to grow the economy towards a cleaner, greener Canadian economy, said the Honourable Filomena Tassi, Minister responsible for the Federal Economic Development Agency for Southern Ontario.

Once fully operational, the project is anticipated to simultaneously produce renewable natural gas (RNG) and biocarbon, converted from clean woody feedstocks that would otherwise be destined for landfills.

On behalf of CHAR, I would like to thank the Honourable Filomena Tassi, the Minister responsible for FedDev, for believing in our project. Thanks to FedDev’s funding, CHAR will be positioned to increase biocarbon production capacity from 1 000 tonnes to 10 000 tonnes per year. This supports Canada’s Net Zero targets by increasing the supply of clean fuels generated from sustainable resources, which is part of our goal of decarbonizing for a circular economy, ended Andrew White.

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