The federal government has announced it is investing $1.5 million into CHAR Technologies’ new pyrolysis facility in Thorold South.
As ThoroldToday previously reported, CHAR Technologies is building a pyrolysis facility at the Thorold Multimodal Hub. Pyrolysis is a heating process that converts discarded wood into renewable natural gas and bio-carbons, in an effort to provide other industries with a cleaner energy source.
The investment is an interest-free repayable contribution that comes through the Federal Economic Development Agency for Southern Ontario,
“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 them and their families,” said the Honourable Filomena Tassi, Minister responsible for the Federal Economic Development Agency for Southern Ontario, in a press release.
With the investment CHAR Technologies will be able to fund phase one of their new pyrolysis facility.
“The Thorold Phase 1 Project will see CHAR relocate and recommission their existing London 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,” read a statement from CHAR Technologies.
CHAR Technologies currently produces 1,000 tonnes of bio-carbon at their existing facility in London. Because of the infrastructure provided by the Multimodal Hub the company will be able to increase their bio-carbon production to 10,000 tonnes.
The move to the Thorold Multimodal Hub is planned for November.