CHAR Technologies Expands Into European Markets Through Licensing Agreement

CHAR Technologies Ltd., a leader in sustainable biomass energy solutions, has entered into a technology licensing agreement with France-based GazoTech SAS. This agreement marks CHAR Tech's expansion into European markets, starting with France. The deal involves CHAR Tech's High-Temperature Pyrolysis (HTP) technology, which GazoTech will use in various projects across select European regions.

GazoTech is advancing multiple biomass conversion projects in France. Notable projects include converting waste biomass into syngas for industrial energy and biocarbon production. The companies aim to progress through development, with CHAR Tech supporting process design, technology transfer, and engineering. CHAR Tech benefits through royalties linked to biocarbon production, receiving revenues without deploying capital.