After closing its Series A Capital Raise on the online platform VCEX, Pure Biochar will accelerate its feasibility study, which will provide the company with a clear pathway to becoming Australia’s leading biochar producer and seller.
The company expects the study to be completed by the end of Q3 2022 and is currently in talks with potential biochar suppliers so they can begin on-selling the product to customers.
The company believes this strategy will underpin its journey to constructing one of Australia’s first industrial-scale biochar production plants.
The approach will also generate cash flow for the company and allow them to build up a large book of customers so they can hit the ground running once their plant is operational.
Stay tuned for more details on this exciting venture.