{"id":2763,"date":"2021-10-29T16:43:24","date_gmt":"2021-10-29T15:43:24","guid":{"rendered":"http:\/\/esgfire.com\/uncategorized\/char-advances-new-biomass-to-renewable-natural-gas-project-potential-revenues-18-mcad-annually-2\/"},"modified":"2021-10-29T16:43:24","modified_gmt":"2021-10-29T15:43:24","slug":"char-advances-new-biomass-to-renewable-natural-gas-project-potential-revenues-18-mcad-annually-2","status":"publish","type":"post","link":"https:\/\/esgfire.com\/en\/char-technologies\/char-advances-new-biomass-to-renewable-natural-gas-project-potential-revenues-18-mcad-annually-2\/","title":{"rendered":"Char advances new biomass to renewable natural gas project potential revenues 18 MCAD annually"},"content":{"rendered":"

Company: Char Technologies Ltd
\nListing: TSX Venture, US OTC
\nTickers: $YES.V \/ $CTRNF
\nMarket cap: 60 MCAD at time of publication
\nShare price: 0.85 CAD at time of publication
\nWebsite:\u00a0https:\/\/www.chartechnologies.com\/<\/a>
\nComparable peers:
\nXebec, $XBC Market cap $433 MCAD
\nGreenlane renewables, $GRN, Mcap $225 MCAD<\/p>\n

ESGFIRE<\/strong>\u00a0comment:<\/strong>
\nWe estimate that the Kirkland Lake project could generate up to 18 million CAD in potential annual revenues for Char Technologies. We base this on a price per tonne of 300 CAD for Cleanfyre (one(1) ton of Cleanfyre reduces GHG emissions by three (3) tons.\u201d<\/a>) and a price of 30 USD per GJ of RNG.<\/a>\u00a0We anticipate the margins will be good for\u00a0this project at around 50- 80 %.<\/a>\u00a0We are excited to follow the next step for this fully owned facility of Char Technologies. Our initial analysis of Char Technologies\u00a0can be found HERE.<\/a><\/strong><\/p>\n

TORONTO, Oct. 28, 2021 (GLOBE NEWSWIRE) \u2014 CHAR Technologies Ltd. (\u201cCHAR<\/strong>\u201d or \u201cCompany\u201d) (YES \u2013 TSXV) is pleased to announce the commencement of surveying and geotechnical testing at the proposed site of its woody-biomass to renewable natural gas (\u201cRNG\u201d) High Temperature Pyrolysis (\u201cHTP\u201d) project near Kirkland Lake, Ontario. This project will potentially produce 500,000 gigajoules per year (GJ\/yr) of RNG, and 10,000 tonnes per year of CHAR\u2019s proprietary CleanFyre biocoal (\u201cCleanFyre\u201d). The Kirkland Lake project will be designed, built, operated and owned by CHAR.<\/p>\n

The Company had previously entered into a land purchase option agreement (July 2, 2021) with the town of Kirkland Lake with respect to the proposed project site, as well as a letter of interest (July 9, 2021) for biomass supply to the project, and an exclusive letter of interest (September 16, 2021) with a Canadian gas utility for long term RNG offtake. It is anticipated that an offtake contract will be finalized by early 2022. CleanFyre from the proposed Kirkland Lake facility will be earmarked for future sale to the steel making and metal smelting industries.<\/p>\n

Andrew White, CHAR CEO states; \u201cWe continue to gain market penetration and interest through the demonstration of our proprietary HTP systems and its solution for reducing greenhouse gas emissions. As society recognizes the value of converting low-value by-products and waste materials to valuable clean energy sources, that we can transition to a circular economy. Renewable Natural Gas is CHAR\u2019s next vertical in line with our current business objectives.\u201d<\/p>\n

 <\/p>\n

Legal Disclaimer<\/strong><\/p>\n

We own shares of these companies personally.<\/strong><\/p>\n

Investing in stocks is combined with certain risks and it is possible to lose your entire investment. Our posts are made for Educational purposes only and are not to be interpreted as tips , financial advice or recommendations of any kind to either buy or sell any stocks.<\/strong><\/p>\n

Companies may or may not be paying us for content posted on this blog.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Company: Char Technologies Ltd Listing: TSX Venture, US OTC Tickers: $YES.V \/ $CTRNF Market cap: 60 MCAD at time of publication Share price: 0.85 CAD at time of publication Website:\u00a0https:\/\/www.chartechnologies.com\/ Comparable peers: Xebec, $XBC Market cap $433 MCAD Greenlane renewables, $GRN, Mcap $225 MCAD ESGFIRE\u00a0comment: We estimate that the Kirkland Lake project could generate up […]<\/p>\n","protected":false},"author":1,"featured_media":1709,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[148,5,128],"tags":[],"class_list":["post-2763","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-posts","category-char-technologies","category-reports-news-interviews"],"yoast_head":"\nChar advances new biomass to renewable natural gas project potential revenues 18 MCAD annually - 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