Author highlights CHAR Technologies' $10 million commitment from BMI Group for the Espanola facility, noting it is five times the size of the Thorold facility and a major milestone.
YES.V — LONG The author argues that CHAR Technologies' receipt of a $10 million commitment from the BMI Group for the Espanola facility is a major milestone, especially since the facility is five times the size of the Thorold facility with an output capacity of 50,000 tonnes of biocarbon versus 10,000 tonnes. The BMI Group previously invested $8 million equity into the Thorold project, demonstrating continued partnership. The main risk is that the Espanola project is still in planning and development, so there are still some ways to go.
The BMI group invested $8 million equity into the thorold project and are now committing to invest $10 million into the Espanola project. The Espanola project is currently in planning and development so there are still some ways to go, however the BIG thing to note is that this facility is 5 times the size of the Thorold facility.