Posts

Funding available for Cleantech Demonstration Projects in Ontario

BLOOM is issuing a call for funding applications to support the completion of low carbon, clean technology demonstration Projects in Ontario.  BLOOM is a private, not-for-profit federally incorporated company that brings together public and private sector stakeholders to achieve sustainable outcomes that manage risk and deliver economic, environmental and social benefit.

As a requirement, applications must be submitted by 2 co-applicants: a cleantech solution provider and a customer host that is representative of a broader sector.

BLOOM will be providing grant funding on a 50:50 cost-share basis, up to a maximum of $150,000 per Project.  BLOOM is responsible for managing this Program to support Ontario’s Climate Change Action Plan and transition to a low carbon economy.  Ideally, proposed Projects have strategic partners to support the roll-out and market adoption of the low carbon cleantech solution, following completion of the demonstration Project.

Applications are due by May 31, 2018. Successful co-applicants will be notified by June 30, 2018. Demonstration projects must be completed by March 15, 2019.

For additional information, click here.

Ontario Announces Cleantech Strategy & Support for Cleantech Companies

Article by Richard CorleySophie Langlois and Catherine Lyons

Goodmans LLP

Recently, the Ontario Minister of Research, Innovation and Science, Reza Moridi, launched Ontario’s Cleantech Strategy (the “Cleantech Strategy“) which aims to catalyze the growth of Ontario’s clean technology sector to support sales into a global market which is expected to grow to $2.5 trillion by 2022. The Cleantech Strategy is aligned with Ontario’s five-year Climate Change Action Plan (CCAP) to fight climate change, reduce greenhouse gas (GHG) pollution, and drive the transition to a low-carbon economy.  It is also aligned with Ontario’s Business Growth Initiative (BGI), which is, among other things, assisting innovative companies to scale up.

Purpose of the Cleantech Strategy

The Cleantech Strategy bolsters Ontario’s commitment to support the development of new, globally competitive low-carbon technologies that will contribute to fighting climate change and to meeting Ontario’s GHG pollution reduction targets of 15% below 1990 levels by 2020, 37% by 2030 and 80% by 2050. As Minister Moridi explained:

By helping our cleantech companies get ready to scale – and helping them to connect to early customers here in Ontario – Ontario is supporting innovation and reducing emissions and environmental impact across industries. Over the longer term, we expect to see more scaled-up Ontario cleantech companies recognized as North American leaders.

Ontario has the largest share of cleantech companies in Canada and the Cleantech Strategy further supports the province’s leadership in GHG pollution reduction through the development and scaling of cleantech solutions.

Principal Elements of the Cleantech Strategy

Based on Ontario’s strengths in cleantech and global demand, the Cleantech Strategy prioritizes the following four cleantech sub-sectors: energy generation and storage, energy infrastructure, bio-products and bio-chemicals, and water and wastewater.

The Cleantech Strategy has four interrelated pillars through which the province intends to meet its objective of helping cleantech companies scale up and meet global demand:

  1. Venture and scale readiness – strengthening opportunities for in-house research and development, strengthening entrepreneur knowledge of key global markets, reducing regulatory uncertainty to facilitate access to capital, and attracting and developing a strong pool of sales, marketing and management talent
  2. Access to capital – increasing access to scaling capital, providing guidance on available provincial and federal cleantech funding, and simplifying access to such capital
  3. Regulatory modernization – streamlining the regulatory environment where possible to reduce barriers for cleantech market entry, supporting performance-based standards and approvals processes, and supporting the development of harmonized industry standards
  4. Adoption and procurement – increasing demonstration and pilot opportunities to de-risk and validate new technologies, and addressing prescriptive and risk-averse procurement practices

Initiatives funded through Ontario’s carbon market as part of the Cleantech Strategy include the Global Market Acceleration Fund (GMAF) and the Green Focus on Innovation and Technology (GreenFIT).

The Global Market Acceleration Fund

The GMAF will help companies lower the risk associated with expanding production of a proven clean technology.  The fund will also assist companies with the cost of scaling up inventory, distribution and sales to domestic and global markets.  The GMAF can provide between $2 million and$5 million of funding to Ontario-based companies with promising GHG reduction technologies and scale-up and export potential.  To receive funding, these companies must be able to demonstrate funding commitments for at least 50% of the eligible project costs. A total of $27 million has been allotted to the GMAF.

Green Focus on Innovation and Technology

Through the GreenFIT program, Ontario will commit $10 million towards demonstration projects of new technologies and services. Early adoption of these new technologies and services will benefit both the adopting public sector institutions with support for their emissions reductions and participating companies with opportunities for validation and credibility for their products.

The content of this article does not constitute legal advice and should not be relied on in that way. Specific advice should be sought about your specific circumstances.

_________________

About the Authors

Richard Corley is a partner at Goodmans LLP and leads the firm’s Cleantech Practice Group.

Sophie Langlois is an associate at Goodmans LLP.  She practices in the area of corporate and securities law and mergers and acquisitions.

Catherine Lyons is a partner at Goodmans LLP.  She dedicates her practice to representing both private and public sector clients at the intersection of municipal and environmental law.

 

This article was first published on the Goodmans LLP website.

CHAR Announces Approval of Funding Grant For CleanFyre Biocoal

CHAR Technologies Ltd. (the “Corporation”) (TSXV:YES) recently announced that it has been approved for a grant totalling $1,062,385 provided by the Government of Ontario through the Low Carbon Innovation Fund (“LCIF”).  The grant is in support of CHAR’s CleanFyre biocoal project, with participation from ArcelorMittal Dofasco (“Dofasco”), Canada’s largest flat roll steel producer and a lead user of CleanFyre within the project, Walker Environmental (“Walker”) as a feedstock supplier and BioLine Corporation (“Bioline”) as a feedstock pre-processor.

“This grant will allow CHAR to work with innovative and progressive companies, including Dofasco, Walker and Bioline, to further develop CleanFyre, a carbon neutral, sustainable, solid biofuel, that meets the strict requirements of the steelmaking industry,” said Andrew White, CEO of CHAR.  “The project will culminate with a 20-tonne trial in an operational blast furnace at Dofasco to prove CleanFyre’s applicability within the steel industry.”

CleanFyre is a carbon neutral solid biofuel, and through its implementation will allow users to significantly reduce their GHG emissions.  Project funding will be disbursed 50% in April, followed by four additional payments on successful milestone completion.

About CHAR

CHAR Technologies Ltd is a cleantech development and services company, specializing in biocarbon development (activated charcoal ‘SulfaCHAR’ and solid biofuel ‘CleanFyre’) and custom equipment for industrial air and water treatment, and providing services in environmental management, site investigation & remediation, engineering, and resource efficiency.

About Low Carbon Innovation Fund

The Low Carbon Innovation Fund is a fund to help researchers, entrepreneurs and companies create and commercialize new, globally competitive, low-carbon technologies that will help Ontario meet its GHG emissions reductions targets.  The Low Carbon Innovation Fund is part of Ontario’s Climate Change Action Plan and is funded by proceeds from the province’s carbon market.

Forward-Looking Statements

Statements contained in this press release contain “forward-looking information” within the meaning of Canadian securities laws.  When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in CHAR’s MD&A dated February 26th, 2018 and available under CHAR’s profile on www.sedar.com. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information please contact:

Andrew White
Chief Executive Officer
CHAR Technologies Ltd.
e-mail: andrew.white@chartechnologies.com
tel: 647-968-5347

Marie Verdun
Manager, Corporate Affairs
ArcelorMittal Dofasco
e-mail: marie.verdun@arcelormittal.com
tel: 905-548-7200 x2066

ArcelorMittal Dofasco, Hamilton, Ontario

CHAR Technologies Acquires The ALTECH Group

The ALTECH Group of companies (“Altech”) and CHAR Technologies Ltd. (“CHAR”) are now working together!  CHAR Technologies Ltd. (TSXV:YES) has acquired The ALTECH Group in an effort to expand the offering of cleantech environmental technologies, including SulfaCHAR and CleanFyre.  The ALTECH Group provides environmental engineering solutions to industry in North America in the areas of air pollution control, industrial energy efficiency, and process water recycling.  The new combined entity provides cleantech solutions to industrial environmental engineering challenges.

CHAR currently produces SulfaCHAR®, a bio organic product, similar to activated carbon, competing on cost and performance with other air pollution control solutions.  SulfaCHAR is specially designed to remove hydrogen sulfide from renewable natural gas (ie. biogas from anaerobic digesters and landfill gas, as well as other contaminants from industrial air emissions).  CleanFyre® is an exciting new bio-coal product that is a cost effective substitute with similar energy potential to coal as a fossil fuel.  The major advantage of bio-coal is that it is Greenhouse Gas (GHG) neutral.  Companies replacing coal with CleanFyre will be eligible to earn GHG Credits in the fight for Climate Change.  This is an important product advancement in the fight to significantly reduce Greenhouse Gases.

 

The merged entity has over 30 years of experience throughout North America in delivering full-service engineering and turnkey technology installations to corporations interested in sustainable and cost effective solutions.  As the holder of a number of patents, ALTECH and CHAR have unique, cost effective solutions for effluent air and water problems.  The combined entity has the ability to design, fabricate, and install leading edge cleantech solutions, solving complex environmental problems in very cost effective ways.  As a group that is constantly innovating, this partnership of cleantech firms continues to develop and apply world class solutions that make sense from a cost savings point-of-view.

 

 

 

Contact:

 

Mr. Alex Keen:   akeen@altech-group.com

Mr. Andrew White:   andrew.white@chartechnologies.com

 

CHAR Technologies Ltd. Announces Approval of $1 Million Grant

CHAR Technologies Ltd. (the “CHAR”) (YES – TSXV) is pleased to announce that it has been approved for a grant totalling $1 million provided by the Government of Ontario through the Ontario Centres of Excellence (“OCE”). The grant is in support of CHAR’s current SulfaCHAR production project, which has previously received funding and support from both Sustainable Development Technology Canada (“SDTC”) and the Canadian Gas Association (“CGA”).

“This grant will allow CHAR to both redeploy financial resources currently committed to the SulfaCHAR project, while at the same time will allow CHAR to expand the scope of the project,” said Andrew White, CEO of CHAR. “The funding recognizes the carbon-related benefits of the project, and will allow CHAR to more rapidly execute on the production and use of SulfaCHAR.”

Funding will be disbursed on completion of three milestones. CHAR has received initial funding of $237,759, and will receive three additional payments on milestone and project completion.

About CHAR
CHAR is in the business of producing a proprietary activated charcoal like material (“SulfaCHAR”), which can be used to removed hydrogen sulfide from various gas streams (focusing on methane-rich and odorous air). The SulfaCHAR, once used for the gas cleaning application, has further use as a sulfur-enriched biochar for agricultural purposes (saleable soil amendment product).

About OCE
Ontario Centres of Excellence (OCE) drives the commercialization of cutting-edge research across key market sectors to build the economy of tomorrow and secure Ontario’s global competitiveness. In doing this, OCE fosters the training and development of the next generation of innovators and entrepreneurs and is a key partner with Ontario’s industry, universities, colleges, research hospitals, investors and governments. OCE is a key partner in delivering Ontario’s Innovation Agenda as a member of the province’s Ontario Network of Entrepreneurs (ONE). Funded by the Government of Ontario, the ONE is made up of regional and sector-focused organizations and helps Ontario-based entrepreneurs rapidly grow their company and create jobs.

Events

CleanTech North: Showcasing A Greener Future, May 8th 2018

Join the CleanTech North community on May 8th for your next event which will  showcase 4 of Canada’s innovative companies who represent the future of our cleantech community, selected by our friends at:

 

 

 

 

For the past few years the cleantech sector has become a growing priority, as it should be! Join us to see how this focus and funding has helped grow the companies that represent the future of this sector.

RBC Royal Bank of Canada is proud to continue to support the cleantech sector in Canada as the host of this Cleantech North event.

Following this agenda, there will be an opportunity for networking, refreshments, and private meetings on-site.

Key event details:

  • Time: 4:00 P.M. – 6:30 P.M. then networking
  • Date: Tuesday, May 8th, 2018
  • Location:  19th Floor, South Tower, Royal Bank Plaza, 200 Bay Street, Toronto M5J 2T6

To join us, please RSVP and for complete event details please visit our Eventbrite page.

There is a capacity limit of 60 for this event, so, to avoid disappointment, please be sure to register as soon as possible.