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An update from CHAR Technologies ( (TSE:YES) ) is now available.
CHAR Technologies has announced project updates for its Lake Nipigon and Saint-Félicien renewable energy facilities. The Lake Nipigon project, developed in partnership with Lake Nipigon Forest Management Inc., is on track to commence biocarbon production by late 2025. The Saint-Félicien project, backed by a $2.5 million grant from the Government of Québec, will convert wood waste into biocarbon and green hydrogen, with plans for construction to begin in 2025. These developments enhance CHAR’s industry positioning by strengthening its renewable energy capabilities and securing long-term feedstock supply, which is crucial for stakeholders and CHAR’s operational growth.
More about CHAR Technologies
CHAR Technologies (TSXV:YES) is a leader in sustainable energy solutions, utilizing high temperature pyrolysis (HTP) technology to convert unmerchantable wood and organic wastes into renewable natural gas (RNG) or green hydrogen, and solid biocarbon. This technology offers a waste-to-energy solution aligning with global green energy transitions by diverting waste from landfills and providing sustainable energy to decarbonize heavy industry.
YTD Price Performance: -7.32%
Average Trading Volume: 94,632
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$22.46M
See more insights into YES stock on TipRanks’ Stock Analysis page.