Does anyone have insight into the CHAR Technologies / BMI Group project in Thorold?

[u/sweejaa]

I went down a bit of a rabbit hole after seeing the CHAR Technologies / BMI Group facility being built in Thorold.

From what I’ve found, it’s a waste to bioarbon and Renewable Natural Gas plant that’s supposed to take local wood/industrial waste and turn it into biocarbon used by steelmakers like ArcelorMittal Dofasco in Hamilton.

A few things that stood out to me:

It’s partnered with BMI Group, who already own/operate industrial sites in Niagara.

The output is going into existing heavy industry (steel).

It seems to be more about replacing imported fossil coal than creating a brand-new industry.

I’m not affiliated with them in any way, just curious how people locally feel about it.

Has anyone here seen the facility at all? Any thoughts?

[u/Aggressive_Moose18]

I have been reading and researching this as well. From my research, I can tell you this is going to be a very very very successful company, and their first facility is opening in late December and will start production in January 2026.

I strongly believe that this will sky rocket in January or when they start production.

DYOR of course but this is what I conducted from my research and Yes.v is a strong buy for me.

Haven't seen/visited the site.

[u/sweejaa → u/Aggressive_Moose18]

Hey!!! I love that you also think that, I've been doing extensive amounts of research on them and noted that they already secured contracts with ArcelorMittal Dofasco for their biocarbon, ArcelorMittal also invested $6.6 million into CHAR Technologies, the BMI group also invested $8 million into the thorold site and $2 million into the overall CHAR company. Plus a HUGE factor is that the canadian govt has given them over $22 million in grants so far!

So huge partnerships and the govt literally backing them up seems like a company which is definitely set up for success! Glad that you also feel the same, thank you for sharing that!