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Transaction
CARBONITY - CED repayable contribution, Port-Cartier biochar plant (Jul 2023)
Terms
- Announced
- 5 Jul 2023
- Instrument
- Debt
- Amount
- US$2.27mReported as $3-million repayable contribution, converted at 0.7565 USD/CAD (July 2023 average)
- Source
- canada.ca
Parties
- Project developer
- CARBONITY
- Country
- Canada
- Capital providers
Capital providers and the amount counted for each Party Role Amount Basis Canada Economic Development for Quebec Regions Lender US$2.27m Sole provider: the whole transaction
Carbon
- Pathway
- Biochar
What happened
- Canada Economic Development for Quebec Regions (CED) provided a C$3m repayable contribution under its Regional Economic Growth through Innovation (REGI) program to the CARBONITY Port-Cartier biochar plant, covering digital production equipment. Source: 'The project also received a $3-million repayable contribution under CED's Regional Economic Growth through Innovation (REGI) program.'
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