Pure Biochar is currently focused on securing 5 to 6 sites across Australia to build a network of biochar production facilities.
The Company has conducted testing of the biomass for its first site in the Hunter Valley, NSW, and is aiming to move towards constructing the plant later this year.
The Company’s strategy involves building the biochar production facilities on the same site as the biomass supply.
Pure Biochar will leverage its early-mover advantage to establish a strong market share in the biochar sector forecasted to reach US$6.3bn by 2031, while also focusing on getting access to the US$851bn carbon credit market.
The modular pyrolysis units the Company plans to use will generate $5m-plus in revenue from carbon credits, biochar sales and other by-products.
Pure Biochar plans to target high-value industries, including the steel/iron, agriculture, and construction sectors.
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