Pure Biochar intends to become Australia’s largest biochar producer, servicing a lucrative commercial and industrial market. The company will seek access to the international sector estimated to reach a market size of US$3.1b by 2025, growing at a CAGR of 13.2%.
Many case studies have shown that carbon from biochar leads to significant CO2 savings and can avoid a large portion of direct emissions, which is why the company is targeting the following sectors — steelmaking, construction/building materials and agriculture (fertiliser).
Biochar is becoming increasingly popular because it turns biomass waste streams into revenue whilst having an incredible impact on the environment, climate and companies utilising its transformative applications.
Once permits to build the facility are approved, Pure Biochar intends to seek a planned listing on a favourable exchange in February 2023 to finance the construction of the production plant, which they aim to be commercially operational in Q4 2023.
Biochar is a stable form of carbon obtained from sustainable sources such as biomass and is the only actual carbon capture and storage system available in the world today.
Currently, it has market demand across various sectors — livestock (feed), steelmaking, agriculture (fertiliser), construction materials, & animal bedding — and is sold for upwards of US$800 per tonne.
According to a NSW Ag Department trial, the state’s corn experienced yield growth from 13 to 35t/ha by utilising the material.
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