CHAR Technologies ($YES) just completed its BIGGEST milestone ever. Finishing the construction of their very 1st commercial facility. Now they ramp up commercial production over the next few months. Phase 1 Thorold will be supplying 5,000 tonnes of biocarbon to ArcelorMittal (2nd largest steel company in the world, at their Dofasco plant in Hamilton). Post from todays article: Construction of Phase 1, the Thorold Facility’s first commercial-scale biocarbon production line, has reached mechanical and electrical substantial completion, clearing the way for the Facility’s transition to commercial operations. The Thorold Facility now moves into end-to-end commissioning, with commercial ramp-up targeted through October with production and revenue increasing through calendar year-end 2026. When the Thorold Facility begins producing renewable natural gas (“RNG”) it will be the first in the world to produce RNG and biocarbon simultaneously from wood waste. (This will begin after phase 2 is done, which is expected to be done next year) Not Financial advice.
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