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Transaction

CHAR Technologies acquires Elkem biocarbon assets (Saguenay)

Terms

Announced
20 Apr 2026
Instrument
M&A
Amount
US$1.00mReported as US$1.0m plus a 3.5% royalty

Parties

Country
Canada
Capital providers
Capital providers and the amount counted for each
PartyRoleAmountBasis
CHAR TechnologiesAcquirerUS$1.00mSole provider: the whole transaction

Carbon

Pathway
Biochar

What happened

CHAR bought Elkem ASA's biocarbon assets in Saguenay, Quebec, funded by a C$3.5m Bioveld Canada loan. Comes with a 62,500 t biocarbon product offtake with Elkem over five years (product, not carbon credits).

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