CHAR Tech and Lake Nipigon Forest Management Inc. Sign Partnership Agreement
The partnership, Lake Nipigon Forest Sustainable Energy Solutions, (the “Partnership”) builds upon the foundation laid by the Memorandum of Understanding (MOU) signed in April 2023 .
- The partnership, Lake Nipigon Forest Sustainable Energy Solutions, (the “Partnership”) builds upon the foundation laid by the Memorandum of Understanding (MOU) signed in April 2023 .
- LNFMI is a forest management co-operative comprised of four local First Nation Communities who hold the Sustainable Forest License (SFL) on the Lake Nipigon Forest:
The Partnership will continue advancing development of the jointly-owned facility modeled after CHAR Tech’s flagship facility in Thorold, Ontario. - Under the Agreement, LNFMI will oversee the annual wood fiber harvest from the Lake Nipigon Forest, ensuring CHAR Tech’s wood waste feedstock supply for the wood waste-to-renewable energy (RNG and biocarbon) facility.
- In January 2023, LNFMI was awarded an investment of $200,000 to support formalizing the LNFMI and CHAR Tech partnership for the Lake Nipigon Forest Sustainable Energy Solutions RNG and biocarbon production facility.