CHAR Technologies Licenses HTP Technology to GazoTech for European Market Expansion
CHAR Technologies has licensed its high-temperature pyrolysis technology to GazoTech SAS, enabling market entry in Europe. GazoTech aims to convert waste biomass into synthesis gas and biocarbon for industrial heating and metallurgical applications. CHAR's first HTP plant in Canada is operational with plans for expansion. SFC Energy is expanding in Poland but has seen stagnant stock performance. Renk has secured over $50 million in U.S. contracts and plans to invest $150 million in Michigan by 2030 to create new jobs.
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CHAR Technologies has licensed its high-temperature pyrolysis (HTP) technology to GazoTech SAS for commercialization in Europe. GazoTech will use this technology to convert waste biomass into synthesis gas and biocarbon, targeting the industrial heating market.
CHAR has operationalized its first HTP plant in Canada, with plans to produce 5,000 tons of biocarbon annually and further expand to biogas production. SFC Energy is expanding its partnership with Linc Polska, securing a €1.5 million contract for mobile surveillance solutions but has faced stagnant stock prices. Renk has secured contracts worth over $50 million in the U.S. and plans to invest $150 million in Michigan by 2030 to create up to 270 jobs.
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