TORONTO, July 18, 2023 (GLOBE NEWSWIRE) -- CHAR Technologies Ltd. (“CHAR” or the “Company”) (TSXV:YES), a leader in sustainable energy solutions, is pleased to invite investors and other interested parties to attend an upcoming webinar featuring Andrew White, CEO of CHAR Technologies and Irina Gorbounova, ArcelorMittal’s VP of Mergers & Acquisitions and Head of ArcelorMittal’s XCarb® Innovation Fund. The discussion will focus on ArcelorMittal's recent investment in CHAR and their strategic partnership.
Presentation Date & Time: Wednesday, July 19th, 2023, at 10.30 AM ET / 7.30 AM PT
Webcast Registration Link: https://us02web.zoom.us/webinar/register/5416896257562/WN_-EJuj_XITp61RaXwTxU5hg
On July 5th, 2023, CHAR made headlines as the first Canadian company to receive funding from ArcelorMittal’s XCarb® Innovation Fund, amounting to C$6.6M. Additionally, CHAR and ArcelorMittal Dofasco announced a Memorandum of Understanding, under which ArcelorMittal Dofasco will purchase biocarbon produced at CHAR’s state-of-the-art facility in Thorold, Ontario starting in 2023.
This exclusive discussion aims to provide investors with a comprehensive understanding of the strategic partnership and shed light on how CHAR's biocarbon will be tested and utilized to significantly reduce greenhouse gas emissions in the steelmaking process at ArcelorMittal Dofasco. A series of questions will be addressed, exploring the implications of this collaboration for both companies and the steel industry as a whole.
For those unable to join the event live on the day of the webinar, an archived webcast will be made available on YouTube.
CHAR is thrilled to engage with investors and interested individuals through this webinar, providing valuable insights into the transformative impact of biocarbon and the exciting future of the steel industry.
About Char Technologies Ltd.
CHAR Technologies Ltd. (TSXV:YES) first-in-kind high temperature pyrolysis (HTP) technology processes unmerchantable wood and organic wastes to simultaneously generate two renewable energy revenue streams, renewable natural gas (RNG) or green hydrogen and a solid biocoal that is a carbon neutral drop-in replacement for metallurgical steel making coal.
CHAR’s HTP is an ideal waste to energy solution that aligns with the global green energy transition by diverting waste from landfills and generating sustainable clean energy to decarbonize heavy industry.
For further information, please contact:
| Andrew White Chief Executive Officer CHAR Technologies Ltd. E: andrew.white@chartechnologies.com T: 866 521-3654 | Mark Korol Chief Financial Officer CHAR Technologies Ltd. E: m.korol@chartechnologies.com |
Website: www.chartechnologies.com
Neither the TSX Venture Exchange nor its Regulation Service Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the accuracy of this news release.
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 "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.
