Ten Million Dollars In Investment For Airex Energy’s New Biomass Torrefaction Plant

inauguration airex energie becancour

PRESS RELEASE

Bécancour, Friday, February 24, 2017 – Cycle Capital Management, Desjardins-Innovatech and other investors such as TechnoClimat and Sustainable Development Technology Canada invested more than $10M in Airex Energy. This investment will expand the commercialization of the CarbonFX™, a technology that converts biomass into biocoal, and finance the new plant operations, which will showcase the COMPANY’S biomass torrefaction TECHNOLOGY.

A flexible biomass torrefaction plant has recently been unveiled in Canada

airex energy staff

Airex Energy is a supplier of a torrefaction technology called the CarbonFX. This unique yet simple torrefaction process moved from being a proof of concept in 2010 to an industrial-scale technology in 2015. To prove to the market that this technology was ready for commercialisation, a fully integrated facility was built in the city of Becancour, Quebec, halfway between Montreal and Quebec City.