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CIELO ANNOUNCES THE CLOSING OF CDN$4M UNSECURED CONVERTIBLE DEBENTURE FINANCING

Ticker: CMC.V / CWSFF
Listings: TSX Venture Exchange / US OTC / Frankfurt
Website:https://www.cielows.com/
Market Cap: 826 MCAD at time of publication
Share price: 1.28 CAD at time of publication
Industry: Converting waste to renewable fuel

Cielo Waste Solutions is pleased to announce the completion of the balance of the Company’s non-brokered
convertible debenture financing (the “Financing”), as previously announced on March 15,
2021, receiving gross proceeds of CDN$4,000,000.

Pursuant to the Financing, which was arranged by First Choice Financial Corp. (“FCF”),
an arm’s length third party, the Company issued 4,000 non-interest-bearing, unsecured
convertible debentures (the “Debentures”), each issued at CDN$1,000 per Debenture, on
a prospectus-exempt basis, the principal amount of the Debentures being convertible into
common shares at $1.25 per share during the 12 month term of the Debenture. Cielo will
be entitled to repay the principal owing under the Debentures at any time before maturity
or conversion without penalty.
The net proceeds will be used for engineering work for a facility to be built on land to be
acquired by Cielo in Fort Saskatchewan, Alberta, as previously announced on May 27,
2021, or otherwise in the sole discretion of the Company. In connection with the
Financing, Cielo will pay transaction fees to FCF equal to CDN$280,000. and a
commission to a third party equal to CDN$320,000.
The Debentures are subject to a statutory 4-month hold period expiring on December 4,
2021.

Don Allan, CEO of Cielo, commented, “We are pleased to see FCF’s continued
commitment and belief in Cielo and our technology. FCF has been an ideal partner,
having now committed significant capital to Cielo over several funding rounds. This capital
will enable Cielo to advance our projects with our priority being to begin driving revenue
into Cielo”.

ESGFIRE comment: Cielo Waste Solutions is firing on all cylinders in their rapid expansion plan and today’s press release is another good milestone in order to achieve their growth plans. We are also awaiting the long anticipated and expected news update on the desulphurisation process at the Aldersyde facility which we hope will be clarified in either august or september.

Legal Disclaimer:

We own shares of this company personally.

Investing in stocks is combined with certain risks and it is possible to lose your entire investment. My posts are made for Educational purposes only and are not to be interpreted as tips , financial advise or recommendations of any kind to either buy or sell any stocks.

Companies may or may not be paying us for content posted on this blog.

Environmental Waste International announces Capacity of EWS Sault Ste Marie Facility Doubled by Regulators

Company: Environmental waste international
Listings :TSXV , US OTC
Ticker: $EWS $YEWTF 
Market cap at time of publication: $52 MCD
Stock price at time of publication: 0.20 CAD
Business: Tyre and waste recycling through reverse polymerization
TAM Market size: 158 billion $
Comparable peer : Scandinavian Enviro systems $SES
Website: https://www.ewi.ca/

Environmental Waste International announced today that the Ministry of the Environment,
Conservation and Parks (“MECP”) has approved the Company’s proposal to increase the maximum
amount of tire waste that can be treated at its Sault Ste. Marie (“SSM”) facility to 20 tonnes per day,
double the 10 tonnes per day it had previously approved.

The commercialization of the SSM facility being undertaken by EWS’ will be increased to 20 tonnes
per day, substantially increasing its profit potential.
EWS had successfully run the SSM plant as a demonstration and R&D facility for five years prior to
the Company’s submission to the MECP. The plant, using the EWS’ patented microwave technology,
will process end of life tires producing recycled carbon black, oil, steel and syn gas in an
environmentally friendly manner. The high-quality carbon black is used as a replacement for virgin
carbon black in plastic and rubber products. The oil and steel are utilized as raw feedstock, offsetting
the requirement for new virgin materials. The syn gas provides energy for the plant. Tire recycling
plants using EWS’ technology do not require tipping fees, carbon credits or other government
support to generate a compelling ROI.


Bob MacBean, EWS CEO said “This approval along with the engineering work and the actual physical
work within the plant already completed is showing continued progress of the upgrade process. Our
proprietary technology provides a solution to a worldwide environmental waste problem while
generating attractive financial returns. We believe the commercialization of our Sault Ste. Marie
facility can further solidify EWS’ technology as the market-leading solution.”

ESG Comment:
Today’s announcement is a big step for EWI as there have been some concerns in the past if they would be able to obtain approval for their intended doubling of production capacity at the Sault Ste. Marie facility . We are pleased and relieved to see that all environmental permits for the expansion and commercial plans have been approved. We have also seen significant insider buying in EWI this summer from several management leaders including the CEO Bob McBean which we interpret as a bullish signal.

Legal Disclaimer:

We own shares of this company personally.

Investing in stocks is combined with certain risks and it is possible to lose your entire investment. My posts are made for Educational purposes only and are not to be interpreted as tips , financial advise or recommendations of any kind to either buy or sell any stocks.

Companies may or may not be paying us for content posted on this blog.

ESGFIRE Portfolio Update 1/8 2021 and NEW positions!

Best monthly performers
Newlox Gold Ventures Corp + 30 %
Cielo Waste Solutions + 27 %
Clear Blue Technologies + 21 %
Char Technologies +20 %

Worst monthly performers
Nuvve Holding Corp – -14 %
Vicinity Motor Corp- -14 %
Solarvest BioEnergy –12 %
Absolicon Solar Collector — 12 %

Current positions

Absolicon Solar Collector – Down 12 % the latest months despite good news of cooperation with Carlsberg.
Cielo Waste Solutions – Up 27 % the latest month.
Char technologies – Up 20 % the latest month after a spectacular green hydrogen deal with Hitachi.
Clear Blue Technologies – Up 21 % after their biggest deal ever recorded worth 10-15 MUSD.
Desert Control – No material change.
Earthrenew – Down 10 % despite management buying shares at 0.35 , financials coming soon.
Environmental Waste international- Down 12 % , continues to underperform in the ESGFIRE portfolio for no apparent reason.
Newlox Gold ventures Corp – Up 30 %, has had several good news and good momentum lately. ESGFIRE analysis coming soon.
Nuvve Holding Corp- Down 15 % despite no negative news, feels like this is being heavily traded by market makers.
Vicinity Motor Corp – Down 14 % despite only good news with material orders, the market is clearly sleeping on this one.
Lion E-mobility – Has taken a big hit lately most related to their accounting issues which has no effect on the bottom line.
Landi Renzo – No material change.
Solarvest BioEnergy – Down 12 % , very dissapointing stock price lately but our conviction remains firm.


New positions
Company: Biofrigas
Listing: Spotlight Stock market Sweden
Ticker: BIOF
ESG comment:
We exited our position in Biofrigas in early February this year (2021) when it became clear that there would be delays in the verification process for the company’s technology. The delays now seem to have been adressed and the verification is proceeding according to plan.
Biofrigas manufactures small scale biogas plants designed mainly for for farmers but there are also other areas of application. Biofrigas has BIG addressable market in the European Union and also globally. The company has signed many sales agreements with different distributors lately.
The company expects the first facility to become operational at their first customer during august or september this year (2021).
We have chosen to re-enter our position in the BIOFRIGAS TO 01 instrument which is a form of publicly traded warrant / option that gives the owner the right to purchase one stock for every owned option at a maximum price of 70 % of the weighted stock price between 17/3 – 20/ 3 2022 or a maximum price of 9.45 SEK. The subscription period runs between 31/3 – 14/4 2022. We think this instrument gives us the best leverage for our position as we expect BIG breakthroughs for the company to happen before the subscription period ends in april 2022. However if you wish to choose a lower risk for your investment the common stock is likely your preferred choice. This is a high risk investment since Biofrigas has no revenues to date however we believe this will change in the coming months with the first order and with a market cap of only 10 MUSD / 89 MSEK this is a HIGH risk HIGH reward case.

Sold positions:
There have been no exits in the ESGFIRE portfolio the latest month.

Legal Disclaimer

We own shares of these companies personally.

Investing in stocks is combined with certain risks and it is possible to lose your entire investment. Our posts are made for Educational purposes only and are not to be interpreted as tips , financial advise or recommendations of any kind to either buy or sell any stocks.

Companies may or may not be paying us for content posted on this blog.

Vicinity Motor Corp. to Report Second Quarter 2021 Results on Wednesday, August 11 at 4:30 p.m. Eastern Time

Company: Vicinity Motor Corp(formerly Grande West Transportation )
Listings :TSXV , NASDAQ
Ticker: VMC.V & VEV
Market cap at time of publication: $223 MCAD
Stock price at time of publication: $7,22 CAD ( reverse split price 2,40 CAD)
Business: Leading supplier of electric, CNG, gas and clean-diesel buses for
both public and commercial enterprise use in the U.S and Canada
Comparable peer : Greenpower Motor , Market cap $485 MCAD
Website: https://vicinitymotorcorp.com/

Vicinity Motor Corp, a leading supplier of electric, CNG and clean diesel vehicles, today announced that it will release financial results for the second quarter ended June 30, 2021, after market close on Wednesday, August 11, 2021.

Management will host an investor conference call at 4:30 p.m. Eastern time on August 11, 2021 to discuss Vicinity’s second quarter 2021 financial results, provide a corporate update, and conclude with Q&A from telephone participants. To participate, please use the following information:

Q2 2021 Conference Call and Webcast

Date: Wednesday, August 11, 2021
Time: 4:30 p.m. Eastern time
U.S./Canada Dial-in: 1-877-300-8521
International Dial-in: 1-412-317-6026
Conference ID: 10159285
Webcast: http://public.viavid.com/index.php?id=146136

Please dial in at least 10 minutes before the start of the call to ensure timely participation.

A playback of the call will be available through Saturday, September 11, 2021. To listen, call 1-844-512-2921 within the United States and Canada or 1-412-317-6671 when calling internationally. Please use the replay pin number 10159285. A webcast will also be available by clicking here: Vicinity Q2 2021 Webcast.

Legal Disclaimer

We own shares of these companies personally.

Investing in stocks is combined with certain risks and it is possible to lose your entire investment. Our posts are made for Educational purposes only and are not to be interpreted as tips , financial advise or recommendations of any kind to either buy or sell any stocks.

Companies may or may not be paying us for content posted on this blog.

EarthRenew Announces New Senior Debt Facility for Replenish

Company: Earthrenew
Listings: CSE Canada , Frankfurt and US OTC
Tickers: ERTH / VVIVF / WIMN
Market cap at time of publication: $20,6 MCAD
Stock price at time of publication: $0.25 CAD
Business: Regenerative agriculture
Website: https://www.earthrenew.ca/

Highlights:

  • Replenish Nutrients Ltd. (wholly owned subsidiary of Earthrenew) secures new debt facilities totalling $3.2 million to support planned expansion efforts.

Earthrenew a Canadian company focused on regenerative agriculture solutions, today announced that, effective July 21st, 2021, its wholly owned subsidiary Replenish secured new senior secured asset-based credit facilities totalling $3.2 million from Agriculture Financial Services Corporation . The ABL Facility will replace Replenish’s existing senior debt, and will be used to fund inventory growth and capital expenditures related to Replenish’s current production facilities.

“We are very pleased to have Replenish enter into this strategic relationship with AFSC, one of Alberta’s leading agricultural lenders,” said Keith Driver, EarthRenew’s Chief Executive Officer. “The facility is flexible, allowing it to fit our dynamic business needs. The customized financing provided by AFSC demonstrates the strong support for agribusinesses and will provide us with significant financial flexibility to continue to execute our growth plans.”

The ABL Facility contemplates a five-year term, including interest-only payments until January 1st, 2022. Amounts drawn on the main facility bear interest at a rate of 3.52% per annum, while the inventory loan rate is 2.875% per annum. On closing, an aggregate of $2,558,968 was drawn on the ABL Facility, with $1,592,291 used to repay existing senior debt. The ABL Facility is subject to compliance with financial covenants starting in 2022. EarthRenew has provided an unlimited guarantee as security for the ABL Facility.

ESG comments.
We are very impressed that Earthrenew has secured very attractive non dilutive financing at such a low interest rate which really highlights that their business model is far more derisked than what the market is pricing the company at currently. To clarify for new readers not familiar with Earthrenew , Replenish is a wholly owned subsidiary of Earthrenew which was effectively purchased by may 1st 2021 . Earthrenew has had many great news in the past month which as of yet has not reflected in the share price including off take and distributions agreements with big stakeholders. We believe it’s only a matter of time before the market realizes what an undervalued gem Earthrenew is. The acquisition of Replenish is expected to add annual sales of 9-12 million CAD initially with big growth expected ahead, Replenish has a very good sales distribution network in the United States where Earthrenew is aiming to expand.


Earthrenew is a very exciting addition to the ESGFIRE portfolio on which we will be doing an extensive analysis on in the coming months. Earthrenews patented thermal processing technology transforms livestock manure into a powerful, all-natural organic fertilizer that promotes plant growth and restores soil health.This means, in simple terms, that farmers which use Earthrenew products not only get higher yields by 20-40 % on their crops but it also enables for the soil to sequester(store) more carbon. Studies have also shown that farmers who use this fertilizer on average saves the climate for aproximately 1 tonne of carbondioxiode for each tonne used compared to chemial fertilizer. The best part of the equation is the product is priced at the same level as chemical fertilizer and with possible carbon credits the products is actually cheaper. No wonder the company is sold out completely for 2021! The company’s plan is to increase their output to 400 000 tonnes by 2024-25 equalling revenues of about 140 million CAD.

Legal Disclaimer

We own shares of these companies personally.

Investing in stocks is combined with certain risks and it is possible to lose your entire investment. Our posts are made for Educational purposes only and are not to be interpreted as tips , financial advise or recommendations of any kind to either buy or sell any stocks.

Companies may or may not be paying us for content posted on this blog.

Clear Blue Technologies awarded 10-15 Million Dollar Contract by NuRAN

Company: Clear Blue Technologies International Inc
Listings : TSX Venture , US OTC
Ticker: CBLU.V and CBUTF
Market cap at time of publication: $22.36 MCAD
Stock price at time of publication: $0.34 CAD
Business: Off-grid Solar powered telecommunications and Solar powered lightning
Website: https://www.clearbluetechnologies.com/

ESGFIRE portfolio company Clear Blue Technologies today (29/7 2021) announced their biggest order in the history of the company!

Clear Blue technologies has signed anagreement with NuRAN Wireless Inc. (‘NuRAN’), a leading supplier of mobile and broadband wireless infrastructure solutions, with an initial estimated value between $8 million to $10 million CAD in revenues over the next three years. Clear Blue’s 2021 third and fourth-quarter earnings will reflect initial sales numbers for the contract, but the Company is providing estimated pro forma revenues for its shareholders in this release. Unless stated otherwise, all dollar amounts are in Canadian dollars, with gross margins in line with what the Company has historically reported.

Key highlights:

  • NuRAN awarded Clear Blue the contract to power an estimated minimum of 1,333 telecom sites in the Democratic Republic of the Congo (DRC);
  • Clear Blue’s first order will realize $750,000 of revenues, in the remainder of 2021, with the initial orders due to start shipping in July;
  • Clear Blue estimates approx. $2.5 million per year in revenues between 2022 – 2025, totaling a minimum additional $7.5 million;
  • The contract includes Energy-as-a-Service, which will provide additional minimum recurring revenues of $100,000 per year, contracted for a minimum of three years, with expansion growth and renewals thereafter.

“This is one of the largest deals secured to date and provides significant upside for Clear Blue’s revenues over the next three years,” says Miriam Tuerk, Co-founder and CEO, Clear Blue Technologies. “We see this as part of a trend, as we emerge from the global pandemic, where corporations are looking to be more sustainable. Projects are being greenlit and orders for our smart off-grid systems are picking up. As a result, Management is highly optimistic about revenue and top-line growth during the remainder of 2021 and into 2022.”

Clear Blue is contracted to provide its smart off-grid power in the form of the Nano-Grid Power Packs and Energy-as-a-Service to at least 1,333 telecom sites operated by NuRAN in the DRC. This total number of sites represents two-thirds of the total installation, with NuRAN choosing to retain vendor diversity by awarding the remaining sites to other third-party suppliers given the size of the project.

Francis Létourneau, President and Chief Executive Officer at NuRAN stated: “Clear Blue’s Smart Power and Energy-as-a-Service are key components to our planned telecom roll-out in the DRC, offering the lowest CAPEX/OPEX as well as the best performance and uptime. Because of that, it enables these rural sites to be simultaneously cost-effective and reliable for a strong, viable and profitable business model.”

Of the 89.56 million people living in DRC, approx.18% have access to the internet, according to Statista, demonstrating a clear need to increase connectivity in the region.1 Further, the World Bank estimates that the population of the DRC will have reached 120 million by 2030, providing an even greater opportunity for growth in the telecom market.2

NuRAN could increase its current order for Clear Blue’s Smart Power systems by between 30 – 50%, depending on the success of the initial installations and available financing for follow-on projects. In addition, as the capacity of each site grows, and if NuRAN extends its contract for Energy-as-a-Service beyond the initial 3-year period, Clear Blue expects that the total value of this contract could be $15 million over 10 years.

Clear Blue has a long-standing relationship with NuRAN that has grown to multiple projects since the Company’s first installation with the telecom operator in 2018. Most recently, NuRAN awarded Clear Blue a contract in Q4 2020 for Cameroon that was valued at $1.45 million.

Tuerk adds: “We value the trust that NuRAN has placed in us to deliver power to their telecom sites and look forward to working with them on this latest installation.”

ESGFIRE comment:
We are extremely pleased to read today’s announcement from Clear Blue Technologies. The order announced today is groundbreaking especially since the total turnover for Clear Blue Technologies in 2020 was 4 MCAD. It is projected that this deal with Nuran is worth in total betwen 10-15 million CAD over the next 10 years. The immediate financial effect of the order is revenues of 750 000 CAD for 2021 and with an annual revenue stream of 2,5 MCAD between 2022-2025. In addition to this the contract includes Energy-as-a-Service revenues which will provide additional minimum recurring revenues of $100,000 per year, contracted for a minimum of three years, with expansion growth and renewals thereafter.

What we also find exciting about this announcement is that it shows the great business relationship between Nuran and Clear Blue Technologies is flourishing and may add even more contracts to come in the future.

Legal Disclaimer:

We own shares of this company personally.

Investing in stocks is combined with certain risks and it is possible to lose your entire investment. My posts are made for Educational purposes only and are not to be interpreted as tips , financial advise or recommendations of any kind to either buy or sell any stocks.

Companies may or may not be paying us for content posted on this blog.

Vicinity Motor Corp. Selected for California Statewide Contract

Company: Vicinity Motor Corp(formerly Grande West Transportation )
Listings :TSXV , NASDAQ
Ticker: VMC.V & VEV
Market cap at time of publication: $209 MCAD
Stock price at time of publication: $6,79 CAD ( reverse split price 2,26 CAD)
Business: Leading supplier of electric, CNG, gas and clean-diesel buses for
both public and commercial enterprise use in the U.S and Canada
Comparable peer : Greenpower Motor , Market cap $485 MCAD
Website: https://vicinitymotorcorp.com/

Vicinity Motor Corp today announced that the MBTA has authorized an award on behalf of the California Association for Coordinated Transportation (“CALACT”) consortium members to select Vicinity buses in a statewide purchasing contract that gives State transit agencies authority to purchase “Buy America” compliant buses directly from the Company’s diverse portfolio through its distribution partner ABC Companies.

CALACT is the largest state transit association in the United States, representing California small, rural and specialized transportation providers statewide. CALACT has over 300 members and is dedicated to promoting professional excellence, stimulating ideas and advocating for effective community transportation.

Vehicles authorized for purchase will be produced at Vicinity’s recently announced “Buy America” compliant assembly facility in the State of Washington, which will produce environmentally friendly CNG and clean-diesel vehicles between 28 and 35 feet in length.  Once constructed, the Washington State based facility will also produce the upcoming Vicinity Lightning 28’ all electric transit bus.

“The California market represents the largest in the United States, and this contract allows all CALACT members the ability to choose Vicinity as an OEM supplier for their growing fleets,” said William Trainer, Founder and CEO of Vicinity Motor Corp. “CALACT forecasts this contract may include up to 8,000 vehicles over 5 years, representing a major opportunity for Vicinity to expand in California. Leveraging our partnership with ABC Companies, we believe we can offer competitive bids for our innovative line of Vicinity high efficiency buses. We look forward to working with CALACT members to match our unique vehicle offering with their requirements, creating long-term value for both our customers and shareholders,” concluded Trainer.

Roman Cornell, President ABC Companies added, “Our partnership with Vicinity Motor Corp. continues to expand, leveraging Vicinity’s heavy duty mid-size product range which brings exceptional value and flexibility to a changing transit market. The upcoming Vicinity Lightning battery electric bus will further expand our existing electric offering and bring a unique Buy America compliant solution to customers and agencies focused on carbon reduction initiatives.”

ESG Comment:
Today’s news is another HUGE milestone for Vicinity Motor Corp with a contract potential to add sales of up to 8000 vehicles over the next 5 years. This contract could potentially add annual sales figures of 350 MCAD – 560 MCAD for the company. There has lately been news of VMC’s electric vehicle rival Proterra having buses in California catching fire due to extreme heat and also that local officials are considering pulling their buses out of traffic. Therefore this new contract should definately open up for Vicinity Motor corp to take a big piece of the coming growth in the Californian Electric Vehicles market seeing as Proterra’s reputation and stock price is getting beaten down.

Legal Disclaimer:

We own shares of this company personally.

Investing in stocks is combined with certain risks and it is possible to lose your entire investment. My posts are made for Educational purposes only and are not to be interpreted as tips , financial advise or recommendations of any kind to either buy or sell any stocks.

Companies may or may not be paying us for content posted on this blog.

Solarvest Enters Into a Contract with The Investing News Network

Company: Solarvest Bioenergy Inc.
Listing : TSX Venture,Frankfurt
Ticker: SVS.V , 0ZJ:FRA
Market cap at time of publication: $14.94 MCAD
Stock price at time of publication: $0.27 CAD
Business: Patented plant based pharmaceuticals from algaes and Clean Energy Hydrogen production
Comparable peers: Else Nutrition market cap : 306 MCAD
Website:http://www.solarvest.ca/ and for the omega 3 products: https://eversea.ca/

We are pleased to see Solarvest has entered into an advertising and investor awareness campaign with Dig Media Inc. dba Investing News Network (INN). INN is a private company headquartered in Vancouver, Canada, dedicated to providing independent news and education to investors since 2007. For the 13 month term of the agreement, INN will provide advertising to increase awareness of the issuer.

Legal Disclaimer:

We own shares of this company personally.

Investing in stocks is combined with certain risks and it is possible to lose your entire investment. My posts are made for Educational purposes only and are not to be interpreted as tips , financial advise or recommendations of any kind to either buy or sell any stocks.

Companies may or may not be paying us for content posted on this blog.

Cielo Announces New COO and Changes to Senior Management Team

Ticker: CMC.V / CWSFF
Listings: TSX Venture Exchange / US OTC / Frankfurt
Website:https://www.cielows.com/
Market Cap: 935.51 MCAD at time of publication
Share price: 1.45 CAD at time of publication
Industry: Converting waste to renewable fuel

We are delighted to see Cielo announce new COO and Changes to Senior Management Team. Gregg Gegunde will be the new Chief Operating Officer (COO).

The company commented “Mr. Gegunde has over 26 years of experience in the energy sector with diverse executive and technical leadership skills. Mr. Gegunde has extensive experience in production operations, asset development, asset management, process, joint ventures, environmental and health & safety. He has recently retired as Senior Vice President of Exploitation, Production and Delivery at Penn West Petroleum. Mr. Gegunde holds a Bachelor of Science in Chemical Engineering from the University of Calgary and a diploma in Mechanical Engineering from the Southern Alberta Institute of Technology. Mr. Gegunde is a professional engineer and a member of the Association of Professional Engineers & Geoscientists of Alberta and a member of the Association of Professional Engineers & Geoscientists of Saskatchewan. Mr. Gegunde’s appointment is subject to the approval of the TSX Venture Exchange.”

In congruence, Lionel Robins has stepped down from his role as COO and will take on his new role of Senior Vice President of Global Development/Indigenous Relations, including oversight of government relations. Raphael Bohlmann will also be moving to a new role of Senior Vice President of Corporate Development and Investor Relations. Mr. Bohlmann will continue to attend to the Company’s marketing and will also oversee capital markets and communications. Shawn Frenette will be stepping down from his role as Vice President of Global Development.

Don Allan, President and CEO of Cielo, stated, “As Cielo continues to grow we will continue to add qualified individuals to our senior management team. I am very pleased to welcome Mr. Gegunde to the Cielo team as COO and also for the additional duties Mr. Bohlmann and Mr. Robins will be taking on in their new roles.”


ESG Comments:
Great to see Cielo move forward with their plan, make some management position rotations and announce the new COO so the company becomes well positioned for their growth in the future.

Legal Disclaimer:

We own shares of this company personally.

Investing in stocks is combined with certain risks and it is possible to lose your entire investment. My posts are made for Educational purposes only and are not to be interpreted as tips , financial advise or recommendations of any kind to either buy or sell any stocks.

Companies may or may not be paying us for content posted on this blog.

CHAR Technologies Announces California Green Hydrogen Project With Hitachi Zosen Inova

Company: Char Technologies Ltd
Listing: TSX Venture, US OTC
Tickers: $YES.V / $CTRNF
Market cap: 42.34 MCAD at time of publication
Share price: 0.60 CAD at time of publication
Website: https://www.chartechnologies.com/
Comparable peers:
Xebec, $XBC Market cap $642 MCAD
Greenlane renewables, $GRN, Mcap $210 MCAD

We are pleased to see Char Tech announce a test project with Hitachi Zosen Inova (HZI) to develop a high temperature pyrolysis to green hydrogen system at their existing San Luis Obispo (SLO) anaerobic digestion facility in California. Under the definitive agreement with HZI’s SLO operating company, CHAR’s high temperature pyrolysis system will process 18,000 tonnes per year of solid anaerobic digestate into 1,320 tonnes of green hydrogen per year, and 2,800 tonnes per year of biocarbon. The project will be delivered under a BOOT (build-own-operate-transfer) model, where CHAR will be the initial project owner, with HZI managing system operations. While CHAR owns the assets, CHAR will receive revenues directly for the project outputs (green hydrogen and biocarbon). Upon executing the transfer, at their option, HZI’s subsidiary will purchase the project for a one-time payment. Ongoing project output revenues will be dispersed based on a predefined agreement.

ESG comment: We are very excited to see the first commercial breakthrough order of a Char Technologies pyrolysis system to an end client.
Char technologies are certainly delivering on their 100 million USD backlog!  Hitachi Zosen Inova is a global cleantech company operating in energy from waste (EfW) and renewable gas. The corporate group has a turnover of close to 4 billion USD annually.  We estimate that this test project deal will generate project revenues of 560 000 USD for the biocarbon and between 4-6.6 MUSD for the green hydrogen annually. All in all the project revenues for operating the plant for the operator would likely equal 4,56 -7,2 MUSD annually. We estimate that the final sales value of this test project once it’s transferred from Char Technologies to Hitachi Zosen Inova will be approximately 5 million USD . We think that this lower sales price will likely be applied since this is a first test project and if successful Hitachi Zosen Inova most likely would want to implement this technology at their 100 plants globally . Instead of putting their waste material into landfills  Hitachi Zosen Inova can actually use it to create substantial revenues with this pyrolysis  system from Char technologies.  The financials of the system are so economically appealing that we think Char Technologies will have little trouble executing on their backlog and also continue growing their sales pipeline.

Legal Disclaimer:

We own shares of this company personally.

Investing in stocks is combined with certain risks and it is possible to lose your entire investment. My posts are made for Educational purposes only and are not to be interpreted as tips , financial advise or recommendations of any kind to either buy or sell any stocks.

Companies may or may not be paying us for content posted on this blog.