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CHAR Technologies Attends Davos Discussions on Climate Change and Green Energy Transition

TORONTO, Jan. 16, 2023 (GLOBE NEWSWIRE) -- CHAR Technologies Ltd. (“CHAR” or the “Company”) (TSX Venture Exchange: YES) is pleased to announce that CEO, Andrew White, and Board Member, Hugh Cleland, have been invited to attend climate change and green energy transition events concurrent with the World Economic Forum (WEF) Annual Meeting in Davos, Switzerland, January 16th to 20th, 2023.

The week of WEF events will provide an international platform for a wide range of companies to showcase technologies with the potential to decarbonize hard-to-abate heavy industry sectors such as steel and cement, as well as to advance the global energy transition to energy products like green hydrogen and renewable natural gas.

“Davos presents a great opportunity to share CHAR’s Canadian decarbonization technology on a global scale,” said CHAR CEO, Andrew White. “The governments of Canada and Ontario recently invested over $12.8M for our Thorold, Ontario, woody biomass to renewable energy facility and thanks to their support we believe, with the right strategic partners, the business model can be globally replicated. We look forward to the coming week of events and networking to broaden our international exposure.”

CHAR leadership is joining the delegation from the Altru Institute, a think tank dedicated to the commercialization of innovative breakthrough technologies to combat global climate change, as they present and network in the coming week.

“I’m really proud of what we’ve accomplished in the Canadian renewable natural gas and biocoal space,” says CHAR Board Member, Hugh Cleland. “Of particular interest to me, is educating the international community that we are also a proven green hydrogen ready technology. The world needs creative solutions now more than ever and I’m confident our flexibility on feedstock intake and bespoke renewable outputs will be of great interest to executives and government officials attending Davos.”


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