Federal Funding for Biocarbon Briquettes for Ferroalloy Production

The Federal government announced a CAD 5 million funding to Elkem Métal Canada Inc., a company specializing in the manufacturing of a ferroalloy used in the foundry and steel mill industry. This is completed by an additonal CAD 11.95 million from the Government of Quebec. 

 

The funding will support the manufacturing of biocarbon briquettes, a renewable alternative to metallurgical coal that can reduce the environmental impact of foundries and steelworks. Elkem Métal Canada Inc. intends to replace 43,000 tonnes of metallurgical coal per year, used at its Chicoutimi plant in Quebec, with 37,000 tonnes of bio-briquette (biocarbon) for a potential reduction of 100,000 tonnes of CO2 eq/year for Elkem Métal Canada.

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