TORONTO, Sept. 30, 2022 (GLOBE NEWSWIRE) -- The Canadian government recently released Faster and Further: Canada’s Methane Strategy; its plan to reduce the emissions of methane, a greenhouse gas many times more harmful than carbon dioxide.
CHAR Technologies Ltd.’s (“CHAR” or “the Company”) (TSX Venture Exchange: YES) proprietary High Temperature Pyrolysis (HTP) technology can contribute to methane reduction in two of the three industry sectors that are the focus of the federal plan: the waste sector by processing biodegradable materials diverted from landfills and other disposal sites, and the agricultural sector by processing animal manure and crop residues. The Company’s HTP systems transform this waste into renewable natural gas and green hydrogen, as well as high-value solid carbon that can be used to replace fossil coal or as an agricultural soil enhancement.
CHAR is included in Faster and Further as part of a spotlight on Canadian cleantech firms. CHAR was identified as one of several “notable examples of Canadian methane tech firms” who are helping Canada reduce methane emissions and meet its climate goals while benefiting the economy through the creation of new green sector jobs.
“CHAR’s High Temperature Pyrolysis systems can play an important role in preventing methane emissions and creating a circular economy,” said CHAR CEO Andrew White, “In addition to creating valuable products by ‘up-cycling’ organic waste, HTP also mitigates the methane emissions that would occur by leaving the waste unprocessed.”
“Reducing methane emissions is one of the success stories of Canada’s climate action to date, and will continue to pay dividends because it is both cost-effective and critical to fighting climate change. Canadian industries, as well as our scientists and researchers, have the expertise and experience to go faster and further in reducing this potent greenhouse gas. We have already made significant progress to reduce methane emissions in Canada, and I look forward to doing even more both at home and abroad.” – The Honourable Steven Guilbeault, Minister of Environment and Climate Change
Contact
Andrew White, Chief Executive Officer
E: andrew.white@chartechnologies.com
Mark Korol, Chief Financial Officer
E: m.korol@chartechnologies.com
T: 866 521 3654
About CHAR Technologies
CHAR Technologies Ltd. is a cleantech development and services company, specializing in organic waste pyrolysis and biocarbon development, custom equipment for industrial air and water treatment, and providing services in environmental management, site investigation and remediation, engineering, environmental compliance and resource efficiency.
Links:
GOV Press Release: https://www.canada.ca/en/environment-climate-change/news/2022/09/canada-releases-faster-and-further-canadas-methane-strategy2.html
Publication Landing Page: https://publications.gc.ca/site/eng/9.915545/publication.html
Report: https://publications.gc.ca/collections/collection_2022/eccc/En4-491-2022-eng.pdf
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Forward-Looking Statements
Statements contained in this press release contain “forward-looking information” within the meaning of Canadian securities laws (“forward-looking statements”) about CHAR and its business and operations. The words "can", "may", "would", "will", "intend", "anticipate", "expect" and similar expressions as they relate to CHAR, are intended to identify forward-looking information. Such statements reflect CHAR’s current views and intentions with respect to future events, and current information available to CHAR, and are subject to certain risks, uncertainties and assumptions, including those risk factors discussed or referred to in CHAR’s disclosure documents filed with the securities regulatory authorities in certain provinces of Canada, including the Management Discussion & Analysis dated January 31, 2022 and available under CHAR’s profile on www.sedar.com. Any such forward-looking information is expressly qualified in its entirety by this cautionary statement. Moreover, CHAR does not assume responsibility for the accuracy or completeness of such forward-looking information. The forward-looking information included in this press release is made as of the date of this press release and CHAR undertakes no obligation to publicly update or revise any forward-looking information, other than as required by applicable law.
