This funding by BCBN complements $1.1 million from Sustainable Development Technology Canada and $7 million recently committed by private sector investors and other funders, resulting in a total project investment of $9 million. The pilot deployment follows a consortium agreement reached with Lafarge Canada announced earlier this year.
The project involves the establishment of a fully automated torrefaction facility, which will process wood residuals and demonstrate the production of biomass-based solid fuels to replace coal at cement plants or coal-fired utilities. The reduction in greenhouse gas emissions and other pollutants as a result of fuel switching from the 25,000 tons per year plant is approximately 52,500 carbon dioxide equivalent tons per year, or 10,500 diesel or gasoline fossil fueled cars off the roads in B.C.
Jerry Ericsson, President of Diacarbon, announced that this new technology follows several years of technology and product development in B.C. where a trial demonstration plant has been in operation. "Our shareholders have supported us and it is very gratifying to see our research and development lead to a commercial demonstration. We are proud to be building the first Canadian commercial biocoal facility in B.C. This is an opportunity for BC to be a leader by showcasing clean technologies that generate economic value, a forward thinking solution. This is just the first step in deploying torrefaction technology in B.C."