Standard Biocarbon Corporation (SBC) has purchased advanced carbonization machines with a capacity to produce ~1400t/yr of high carbon biochar, expected to generate ~3000 CORCs/yr. The machines are in production and scheduled for delivery in Q2, 2022 at our Maine, US site, a sawmill producing structural timber from spruce and fir. Full commercial production is expected in Q3, 2022. This is Phase 1 of a buildout plan with the next phase being a doubling of this site to ~6,000 CORC/yr capacity then adding two additional (already identified) sites with 6-10,000 CORC/yr capacity each. We are currently under LOI with the owners of eight sawmills and there are many others with the same attributes - appropriate feedstocks, off-taker for energy and proximate to anticipated biochar end use locations. The biochar machines will supply thermal energy to our sawmill host at a lower cost and with lower emissions than their existing or alternative boiler systems, becoming critical infrastructure for the mill, and assuring their continuous operation. Our technology provider has over a decade of experience manufacturing advanced, proven reliable biochar machines with many operating in the field globally. The machines will be EBC Certified and production metrics and biochar quality are highly likely to be achieved as expected.
SBC is seeking to engage with buyers for 3-5 year packages of fixed quarterly deliveries of CORCs (from this and future plants) for a single fixed advance payment. This structure enables the CORC buyer to directly catalyze the expansion of supply on an ex-ante basis.
Feedstock will be clean forest products industry residuals in the form of wood chips and sawdust which would otherwise be burned or made into paper, generally from forest products certified by FSC, SFI, or PEFC. Expanding demand for structural lumber has increased supply of this feedstock while demand from paper mills and power plants, the traditional users, is falling. This creates an additional alignment of interest with the mill operator who value both the energy biochar production provides and the demand for these excess residuals.
This plant will supply biochar for the local bagged and bulk soils industry, landscapers and tree services, state and municipal agencies and contractors doing environmental remediation, stormwater management and urban tree planting and grant funded research projects. Soil and water pollution from “forever chemicals” PFAS and heavy metals are prevalent in the region and large scale remediation projects will be going on for decades. We are in active dialogue with potential users in these sectors and have indications of interest for a multiple of our production from Phase 1.
Economic acceleration impact:
Revenue from CORCs will enable faster scaling of Standard Biocarbon's plan by providing difficult to raise equity capital for expansion. Standard Biocarbon’s goal is to commission similar plants to the Phase 1 facility at desirable locations across North America; scaling a sustainable channel to remove significant amounts of carbon.