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BioCarbon has received $4.8 million in funding from the Australian Renewable Energy Agency (ARENA) to develop its first commercial-scale biochar coke project in Bulahdelah, NSW. This project aims to replace traditional metallurgical coke with GreenChar, a net-zero renewable carbon alternative, in electric arc furnace steelmaking.

The facility will support emissions reduction and is part of ARENA's National Industrial Transformation Program. BioCarbon's goal is to provide GreenChar at cost parity with conventional coke while allowing selected industry partners to trial the product. The technology has been validated, with successful trials demonstrating GreenChar's capability to replace charge coke in steel production.