Char Technologies licenses pyrolysis tech to GazoTech

Executive Summary

• Char Technologies Ltd. has entered into a formal technology know-how licensing agreement with GazoTech SAS to deploy its proprietary high-temperature pyrolysis (HTP) technology in France and selected European markets.
• The agreement allows GazoTech to utilize Char Tech's HTP technology for specific projects, including an industrial integration opportunity converting waste biomass into syngas and biocarbon, and the Biomethane Provence (BMP) project.
• Char Tech will receive a one-time license fee upon equipment delivery and ongoing royalties linked to biocarbon production, while retaining the option to participate in project equity in the future.

Key Details

• Parties: Char Technologies Ltd. (Licensor) and GazoTech SAS (Licensee, France-based energy developer).
• Technology Licensed: Proprietary high-temperature pyrolysis (HTP) technology.
• Geographic Scope: France and selected European markets, subject to project-by-project application.
• GazoTech Projects:
  • Industrial integration opportunity: Converting waste biomass into syngas for industrial thermal energy and biocarbon for metallurgical applications.
  • Biomethane Provence (BMP) project: Co-located with a former biomass-fired power generation facility, advanced with key partners.
• Financial Terms:
  • Char Tech engaged on a paid basis for process design, technology transfer, and engineering support.
  • GazoTech responsible for supplying HTP equipment under license.
  • Char Tech receives a one-time license fee upon delivery of licensed HTP equipment to a project.
  • Ongoing royalties linked to biocarbon production.
  • Structure allows Char Tech to generate revenue without deploying project-level capital.
• Equity Participation: Char Tech has the opportunity, subject to further negotiation, to participate in the equity of projects developed by GazoTech using the licensed technology.
• Context: Agreement follows recent commissioning progress at Char Tech's Thorold renewable energy facility (50% owned by Char Tech in a limited partnership with the BMI Group).

Notable Quotes

• "Working with the team at GazoTech over the last couple of years has been extremely collaborative... we see a strong opportunity to leverage their development and technical capabilities to deploy HTP projects in France and, over time, across Europe." — Andrew White, CEO, Char Tech.
• "We are thrilled to partner with Char Tech to introduce their HTP technology into France and Europe... The ability to convert waste wood into low-carbon gas and biocarbon at industrial scale aligns well with the needs of European industrial and energy users." — Mael Disa-Vingataramin, CEO, GazoTech.