Large Renewable Energy Investments
CHAR Technologies Invested $8 M in Renewable Energy Facility
Colin Smith — July 11, 2025
On July 10, 2025, CHAR Technologies Ltd. and The BMI Group executed definitive agreements under which BMI committed an $8 million project-level equity investment in the CHAR Tech Thorold Renewable Energy Facility, establishing a 50/50 joint-ownership structure to advance Phase 1 commercial biocarbon production. BMI’s equity contributions are structured as monthly tranches through December 31, 2025 to ensure the facility maintains positive cash flow, while CHAR Tech is providing in-kind support including construction progress, ongoing procurement activities, a technology‐licence grant, and dedicated engineering and project-management labour hours and fees.
Phase 1 funding secures the buildout and commissioning of the biocarbon production line by Q4 2025, after which CHAR Tech and BMI intend to leverage the established equity base to pursue non-recourse debt financing for Phase 2—focused on renewable natural gas (RNG) production—with a target commissioning in Q3 2026. Concurrently, both partners are evaluating additional renewable-energy projects across BMI’s portfolio, including further biocarbon hubs and revitalization of industrial sites, to scale CHAR Tech’s high-temperature pyrolysis technology and expand clean-energy development in North America.
