Char technologies announces c$6.6m strategic investment by arcelormittal and annual biocarbon purchase agreement

Toronto, july 05, 2023 (globe newswire) -- char technologies ltd. (“char” or the “company”) (tsxv:yes), a leader in sustainable energy solutions, is thrilled to announce that the company has closed a c$6.6m strategic investment by world's leading steel and mining company, arcelormittal s.a., through arcelormittal xcarb s.À r.l‎. (“arcelormittal”) and arcelormittal's xcarb® innovation fund (the “fund”). with a presence in 60 countries and primary steelmaking facilities in 16 countries, including arcelormittal dofasco in hamilton, ontario, arcelormittal generated revenues of us$79.8 billion in 2022.
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