PORT-CARTIER, Quebec — Jonathan Wilkinson, Minister of Natural Resources, Pascale St-Onge, Minister responsible for Canada Economic Development for Quebec Regions (CED), today announced a total contribution of $10.5 million to CARBONITY, a joint venture between Airex Énergie, SUEZ and Groupe Rémabec, for its new project to transform wood residues into value-added biochar products that sequester carbon. A contribution of $7.5 million comes from Natural Resources Canada through the Investments in Forest Industry Transformation (IFIT) program. …The project also received a $3-million repayable contribution under CED’s Regional Economic Growth through Innovation (REGI) program. CED’s assistance will cover the acquisition and installation of digital production equipment such as grinders and dryers. …The facility will be the largest biochar production plant in North America and Europe and will add value to underutilized, low-grade wood residuals and forest waste, including insect-infested wood.