CHAR Advances Thorold Commercial Facility and Transition to North American Equipment Supply
To ensure the Facility remains on schedule, and now with a growing number of projects in development, CHAR has reduced supply chain and project delivery risks by transitioning to a network of North American based equipment suppliers.
- To ensure the Facility remains on schedule, and now with a growing number of projects in development, CHAR has reduced supply chain and project delivery risks by transitioning to a network of North American based equipment suppliers.
- As part of the supply chain transition, on August 28th, 2022, CHAR Biocarbon Inc. (“CHAR Biocarbon”), a wholly-owned subsidiary of the Company, served 36 months’ advance written notice to terminate its Exclusive Licence Agreement with Actinon Pte.
- Ltd (the parent company of Anergy, a Singapore based supplier of kiln equipment to the Company) dated August 18th, 2021 (the “Licence Agreement”).
- CHAR disputes Actinon’s allegation of additional license fees, and will take such action as it deems appropriate to protect its rights and interests.