CHAR Technologies Ltd. announced the start of Phase 1 of the Thorold Renewable Natural Gas & Biocarbon Project (Thorold Project) at the Thorold Multimodal Hub (Hub) with the commencement of the project lease on July 1, 2022. Supported by the Natural Gas Innovation Fund, as well as Bioindustrial Innovation Canada, Phase 1 of this project will contribute to a lower carbon intense economy by providing direct drop-in solutions to replace the consumption of fossil fuels. This is an important step in the previously announced and proposed build, own, operate proprietary high temperature pyrolysis system at the Hub.

Once fully operational, the project is anticipated to simultaneously produce renewable natural gas and biocarbons, converted from clean woody feedstocks that would otherwise be destined for landfills. The Hub's strategic location, off the Welland Canal that connects Lake Ontario and Lake Erie, provides market access for both the RNG and biocarbons to industrial end use customers by water, highway and railway.