CHAR Technologies announces the formalization of a partnership agreement with the First Nations co-operative Lake Nipigon Forest Management Inc. (“LNFMI”), marking a significant milestone for both parties as they advance forestry sustainability programs in Northern Ontario, Canada.
LNFMI is a forest management co-operative comprised of four local First Nation Communities who hold the Sustainable Forest License (SFL) on the Lake Nipigon Forest.
The Partnership will continue advancing development of the jointly-owned facility modeled after CHAR Tech’s flagship facility in Thorold, Ontario. The project is projected to annually produce 500,000 gigajoules of Renewable Natural Gas (RNG) and 10,000 tonnes of biocarbon and begin operations by 2026.
Under the Agreement, LNFMI will oversee the annual wood fiber harvest from the Lake Nipigon Forest, ensuring CHAR Tech’s wood waste feedstock supply for the wood waste-to-renewable energy (RNG and biocarbon) facility. The Partnership supports initial production goals and paves the way for significant scalable expansion beyond CHAR Tech’s Thorold revenue capacity.
Also supporting regional development has been the Ontario Government’s Forest Biomass Program’s Indigenous Bioeconomy Partnerships funding stream. In January 2023, LNFMI was awarded an investment of $200,000 to support formalizing the LNFMI and CHAR Tech partnership for the Lake Nipigon Forest Sustainable Energy Solutions RNG and biocarbon production facility.
CHAR Tech is a leader in sustainable energy solutions.
