Canadian oil and gas company Petrox Resources Corporation (Petrox) has recently announced that it has entered into a Memorandum of Understanding (MoU) to co-operate with compatriot M&L Renewable Energy Group Ltd a renewable energy project developer, in the development of a biochar facility in Edmonton, Alberta with the intention to develop successive similar plants in multiple locations in Canada.
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Based in Calgary, Alberta (AB), M&L Renewable Energy Group, along with its associates, focuses on developing and deploying clean, renewable biomass energy technologies to convert waste biomass from agriculture, forestry, and municipal sectors into biochar.
Alberta produces more than 20 million tonnes of waste biomass from agriculture, forestry, and municipal sectors each year that could be used for bioenergy production.
Properly utilized, this biomass resource could form the foundation for a vibrant industry that contributes positively to the economic and environmental well-being of Alberta.
Waste biomass to power or fuel conversion technologies represent significant opportunities for Alberta to meet its renewable energy goal, create jobs, and revitalize rural communities in a low-carbon, circular economy.
Establish a wood waste to biochar plant
The project aims to establish a facility to convert wood waste into biochar, with any steam/heat produced as byproducts being utilized by net-zero waste and energy input greenhouses, power generation, and other uses.
Pursuant to the MoU, Petrox will offer assistance to M&L Renewable Energy Group in the development of the project and will “endeavor to assist” the company in raising capital for the initial biochar plant.
Petrox will also consider contributing capital to the project in exchange for an equity interest in the project.
M&L Renewable Energy Group will be responsible for obtaining the land and feedstock for the project, supplying equipment and materials for the biochar plant, obtaining all necessary permits and approvals for the project, and providing the required capital for the project.
The initial phase of the project is expected to have an annual production capacity of 3,500 tonnes of biochar, at a capital cost of approximately CA$3.7 million.
