Coastal Enterprises Inc. (CEI) directs $ 2 million credit facility for start-up Cleantech Standard Biocarbon’s first manufacturing facility
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Proposed by Standard Biocarbon
PORTLAND, Maine, Oct. 21, 2021 / CSRwire / – Standard Biocarbon (SBC) today announced that it has secured $ 2 million in funding from three Maine-based institutions to purchase equipment to produce high-grade biochar. quality at the former Great Northern Paper mill site in East Millinocket. Biochar is an almost pure form of carbon that is obtained by treating biomass at high temperature with very little oxygen. SBC will supply biochar for use in agriculture, environmental remediation and emerging applications in composite building materials and asphalt. Studies have shown that biochar is effective in the remediation of âforever chemicalsâ and heavy metals from PFAS. Biochar is also a recognized route for removing carbon from the atmosphere. Coastal Enterprises, Inc. (CEI) serves as the principal lender at $ 800,000 with an equity stake of $ 800,000 from the Finance Authority of Maine (FAME) and a stake of $ 400,000 from the Maine Technology Institute (MTI).
When operational in early 2022, SBC will initially produce around 18,000 cubic meters of biocharper per year with plans for gradual expansion at East Millinocket and other sites. Biochar does not degrade in nature, so the carbon content is captured over thousands of years when biomass, whether burned or left to rot, quickly releases all of the carbon into the atmosphere. Therefore, biochar has become a highly efficient, sustainable, economical and scalable atmospheric carbon dioxide removal technology. Standard Biocarbon will provide certified carbon removal credits to emerging private carbon markets such as puro.earth and carbon-future.earth, which offer businesses and individuals the ability to âbuy backâ their emissions. The markets for biochar and carbon removal have enormous potential for scale and Maine has an abundant supply of woody biomass, the key ingredient in biochar.
Loan funds from Maine institutions will be used to purchase two advanced carbonization machines capable of continuously processing biomass at precisely controlled high temperatures to create a cohesive carbon-rich biochar. The machines will operate 24/7 and process around 500 tonnes / month of local factory residues. The machines are manufactured by the German company Pyreg GmbH which has more than thirty similar machines in operation throughout Europe and Asia. Standard Biocarbon also acts as a distributor of Pyreg technology in North America.
âIt’s not often that all the pieces come together in one place to change the world in any meaningful way,â said Fred Horton, Co-Founder, President and CEO. âWe are using innovative technology to produce a product that can improve climate resilience and clean up environmental contamination while enhancing long-term carbon removal capacity. Maine has the human capital, infrastructure and natural resources to do this with great room for growth. The support of CEI, FAME and MTI, as well as the investments and encouragement of the wider Maine community, government officials and the local forest products industry, were instrumental in establishing this new company in the Maine, âadded Horton.
Standard Biocarbon is creating a new market for local and sustainable wood products to produce high quality biochar, driving investment in Maine’s forest industry, benefiting farmers and achieving Maine climate goals of achieving neutrality carbon by 2045, âsaid Daniel Wallace, Senior Vice President of Loans and Investments at CEI. âThe technology SBC brings to the East Millinocket site is revolutionary in both reach and size for the Northeast. We are delighted to partner with FAME and MTI to bring a project like this to our home country. “
âFAME is pleased to support this project, which promotes the use of Maine’s natural resources and added value to produce biochar. It will also help reduce Maine’s carbon footprint. The unemployment rate in the Millinocket area is three times higher than in the rest of the state, and this project will help create high-tech jobs in the area. These jobs are expected to increase as the business grows. Indirect jobs can also arise in construction, transportation and the wood products industry, âsaid David Daigler, Chairman of the Board of FAME. âThe excellent SBC team embodies the innovative initiative that will allow Maine’s heritage industries to adapt and thrive in the ever-changing global economy,â said Brian Whitney, President of MTI. âMTI is delighted to partner with CEI & FAME to continue to support the growth of SBC in East Millinocket and surrounding communities. “
Biochar is produced by thermochemical conversion (pyrolysis) of biomass, resulting in a stable and porous material close to pure carbon. During pyrolysis, biomass is heated in an oxygen-limited chamber to release volatile gases, which in the SBC process are burned to maintain the process; about 50% of the carbon from the original biomass remains in charcoal like biochar. Biochar degrades very slowly in nature and is believed to keep carbon out of the atmosphere for at least 1000 years. SBC expects this Phase 1 facility to remove 4,500 tonnes per year of atmospheric carbon by producing biochar.
About Standard Biocarbon
Standard Biocarbon Corporation (SBC) is a Maine-based cleantech startup that produces biochar on an industrial scale to meet demand in agriculture, sanitation and materials and to generate carbon elimination credits. Located on the former site of the Great Northern Paper Company’s mill in East Millinocket, SBC will use inferior lumber which has seen lower demand due to the closure of biomass power plants and paper mills. , thus helping to support a complex local and regional forest products economy. To learn more, visit standardbiocarbon.com.
Standard Biocarbon’s mission is to lead the creation of a modern North American biochar industry as part of a global climate solution. Located on the site of the former Great Northern Paper Company factory in East Millinocket Maine, the company will manufacture high-quality European-standard biochar from local forest products that have traditionally been used for paper or power generation. . Our goal is to create a new growth industry, leveraging the infrastructure of the old era of paper and pulp that will now serve the growing demand for carbon removal, soil improvement and soil improvement. clean water – all the benefits of biochar. For more information visit standardbiocarbon.com.
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