THOROLD, ONT. — The Ontario government has announced it is investing $2.25 million through the Forest Biomass Program to help CHAR Technologies commercialize biocoal, a low-carbon fuel derived from forest mill byproducts and underused wood.
This Forest Biomass Program investment will help CHAR Technologies improve biocoal’s storage and transport durability, needed for use in steelmaking at ArcelorMittal Dofasco, explains a release.
This project will support six existing jobs, create four new jobs and enable up to 180,000 tonnes of forest biomass to use each year.
Since its 2023 launch, the Forest Biomass Program has committed over $50 million to more than 55 projects supporting the .
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