NEWS RELEASE
Montreal (Quebec), June 10, 2014 â AIREX ENERGY, an equipment supplier that is developing torrefaction technology to convert biomass to biocoal, Seed Fund Cycle-C3E, the Cycle familyâs second venture capital fund in the clean technologies field, and Desjardins-Innovatech recently completed a strategic partnership to grow the company by closing a $3 million round of funding.
“Biomass torrefaction is an innovative solution for companies that want to reduce greenhouse gas emissions and lower operating costs,” says Sylvain Bertrand of Airex Énergie, which recently received $2.7 million in funding for a biomass torrefaction pilot plant in Laval, Quebec. The carbon-neutral material has the potential to replace bituminous coal and fuel oil in combustion, filtration and metallurgical applications.
Several articles were published in recent weeks on the CarbonFX technology developed by Airex Energy. This unique technology allows you to transform any type of biomass into biocoal. We present some of the most interesting releases.