High Temperature Pyrolysis (HTP) technology
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CHAR Tech Provides Year-End Update and Lists on the Frankfurt Stock Exchange
Globenewswire· 2025-12-31 13:00
Core Insights - CHAR Technologies Ltd. is advancing its sustainable energy solutions and has made significant progress in its development portfolio as it enters 2026 [1] Group 1: Corporate Developments - The company listed on the Frankfurt Stock Exchange under ticker symbol 68K, enhancing access to European investors and improving trading visibility [2] - CHAR Tech completed a $2 million equity investment from The BMI Group and received approximately $8 million for the Thorold project [6] Group 2: Project Updates - The Thorold Renewable Energy Facility is nearing commissioning in January 2026, with Phase 1 construction focused on biocarbon production, targeting 5,000 tonnes per year [3][7] - The PFAS destruction demonstration project in Baltimore has completed its operational program, with data analysis underway to validate CHAR Tech's High Temperature Pyrolysis technology [4][7] - Development of the Lake Nipigon project is ongoing, with construction targeted for 2026, contingent on completing necessary development activities and securing financing [5][7] Group 3: Strategic Initiatives - The company is expanding its partnership with The BMI Group to include feasibility work for the Espanola clean-energy initiative, assessing site infrastructure and project concepts [6][8] - The CEO emphasized the transition to commercial operations and the importance of partnerships in driving tangible projects forward [9]
CHAR Technologies Announces Closing of Previously Announced Private Placement
Globenewswire· 2025-12-22 21:35
Core Viewpoint - CHAR Technologies has successfully completed a $CDN 1 million non-brokered private placement with an institutional investor, indicating strong investor interest in its sustainable energy solutions [1][2]. Group 1: Offering Details - The company issued 4,550,000 units at a price of $CDN 0.22 per unit, resulting in gross proceeds of $1,001,000 [2]. - Each unit consists of one common share and one non-transferable common share purchase warrant, with the warrant exercisable at $CDN 0.32 for 24 months [2]. - The company will pay finder's fees totaling $CDN 60,060 related to the offering [3]. Group 2: Regulatory and Compliance Information - The offering is conducted under an exemption from the prospectus requirement, allowing for sales outside Canada without resale restrictions [4]. - The offering is not classified as a Related Party Transaction, thus not subject to specific TSX Venture Exchange policies [4]. Group 3: Use of Proceeds - Proceeds from the offering will be allocated for general working capital, advancing the company's project pipeline, and supporting capital advisory and investor relations services [6]. Group 4: Company Overview - CHAR Technologies utilizes high temperature pyrolysis technology to convert unmerchantable wood and organic waste into renewable natural gas or green hydrogen, along with a solid biocarbon product [7]. - The company's technology supports the global transition to green energy by diverting waste from landfills and generating sustainable energy for heavy industry decarbonization [8].
CHAR Technologies Announces Closing of Book on Fully Subscribed Private Placement
Globenewswire· 2025-12-12 13:59
Core Viewpoint - CHAR Technologies Ltd. has successfully closed the order book for a non-brokered private placement, raising a total of $1 million CAD through the issuance of 5,000,000 units at a price of $0.20 CAD per unit [1][2]. Group 1: Offering Details - The Offering has been fully subscribed with participation from institutional investors, and the closing is anticipated by the end of the week of December 16, 2025, subject to necessary approvals [2]. - Each unit consists of one common share and one non-transferable common share purchase warrant, with each warrant exercisable at $0.30 CAD for a period of 24 months from the closing date [3]. - The Company may pay a cash commission of up to 6% of the gross proceeds to certain eligible finders, in compliance with TSXV policies [3]. Group 2: Use of Proceeds - Proceeds from the Offering will be allocated for general working capital, ongoing project development, and capital advisory and investor relations services [4]. Group 3: Company Overview - CHAR Technologies Ltd. specializes in high temperature pyrolysis (HTP) technology, converting unmerchantable wood and organic waste into renewable energy sources, including renewable natural gas and green hydrogen, along with a solid biocarbon product [7]. - The HTP technology aligns with global green energy initiatives by diverting waste from landfills and generating sustainable energy to decarbonize heavy industry [8].
CHAR Tech, Synagro and the Baltimore City Department of Public Works Partner to Test Commercial-Scale Pyrolysis Pilot for PFAS Destruction
Globenewswire· 2025-05-07 12:00
Core Viewpoint - CHAR Technologies Ltd. is collaborating with Synagro Technologies and the Baltimore City Department of Public Works to demonstrate a high-temperature pyrolysis (HTP) process aimed at destroying PFAS chemicals from biosolids, showcasing a significant advancement in sustainable waste management solutions [1][6][7]. Group 1: Project Overview - The demonstration of the HTP process will take place on May 9, 2025, at the Synagro Back River Facility, coinciding with the Water Environment Federation's conference [2]. - Following the demonstration, Synagro and CHAR Tech will conduct evaluations from May to December 2025 to assess the effectiveness of the HTP process in PFAS destruction [3]. Group 2: Technology and Benefits - CHAR Tech's HTP technology converts organic materials into renewable energy and bioproducts, including biochar and syngas, through a process that avoids combustion and associated odors [5][12]. - The HTP process not only addresses PFAS contamination but also aligns with global green energy initiatives by converting waste into sustainable energy, thereby contributing to the decarbonization of heavy industries [13]. Group 3: Stakeholder Perspectives - Synagro's Chief Commercial Officer expressed enthusiasm for the demonstration, highlighting its role in meeting future customer needs through innovative solutions [4]. - The CEO of CHAR Tech emphasized the project's significance in addressing critical environmental challenges [6]. - The Director of the Baltimore City Department of Public Works noted the commitment to environmental leadership and innovation through support for technologies that convert waste into usable resources [7].