THOROLD, Ontario — The Ontario government is investing $2.25 million through the Forest Biomass Program to help CHAR Technologies commercialize biocoal, a rapidly emerging low-carbon fuel derived from forest mill by-products and underused wood. This work will develop a new supply chain for made-in-Ontario forest products, create new revenue streams to drive growth in forestry and empower heavy industries to adopt sustainable fuels. …Kevin Holland, Associate Minister of Forestry and Forest Products said “We are ready to lead and establish Ontario as a global leader in biocoal.” This Forest Biomass Program investment will help CHAR Technologies improve biocoal’s storage and transport durability, needed for use in steelmaking at ArcelorMittal Dofasco. This project will support six existing jobs, create four new jobs and build a more productive and diversified forest sector by putting up to 180,000 tonnes of forest biomass to use each year.