Pure Biochar Ltd has launched today with the intention of becoming Australia’s largest biochar producer, servicing a lucrative commercial and industrial market.
The company will be executing a capital raise to fund a feasibility study in the coming weeks.
The raise will provide investors with an opportunity to get involved with a seed level company that will target an international biochar sector estimated to reach a market size of US$3.1b by 2025, growing at a CAGR of 13.2%.
“Our goal is to become Australia’s first mass-producer of biochar so we can deliver this fantastic product to the Australian market and surrounding Asian regions where it is already established,” says Pure Biochar Director, Glenn Davies.
The company says biochar is becoming increasingly popular because it turns biomass waste streams into revenue whilst having an incredible impact on the environment and climate.
“Biochar is a stable form of carbon obtained from sustainable sources such as biomass and is the only actual carbon capture and storage system available in the world today. The process to produce biochar is known as pyrolysis, an ancient method currently used today for the production of emissions-free hydrogen.”
Currently, it has market demand across various sectors — livestock (feed), agriculture (fertiliser), construction (cement), & animal bedding — and is sold for upwards of US$800 per tonne.
“Biochar can significantly reduce the need for fertiliser, creating a large opportunity to fill the vacuum in an agriculture market that is seeing product shortages and subsequent price increases. According to a NSW Ag Department trial, the state’s corn experienced yield growth from 13 to 35t/ha by utilising the material.”
- Assists in building soil microbes, which is key to regenerating soils, some of which build nitrogen in the soil.
- Increases water holding capacity so water is saved and can be used more efficiently.
- Protects the environment from harmful chemical runoff, as it decreases the amount of synthetic fertiliser needed for crops.
- Restores soil carbon that has been lost due to previous farming practices and speeds up the process of the carbon stored in the soil faster than any other method.
- Is sequestered in soils to enhance their agricultural and environmental value.
