BluSky Carbon Signs Master Services Agreement with Scotia BioChar
BluSky Carbon has signed a master services agreement with Scotia BioChar for the provision of biochar pyrolysis equipment and consulting services in Eastern Canada. The one-year agreement grants Scotia exclusive rights to issue statements of work (SOWs) for BluSky's services. Scotia BioChar, based in Bedford, Nova Scotia, aims to produce high-quality biochar from waste wood biomass, including approximately 20 million tonnes of trees downed by Hurricane Fiona. The biochar will be used in applications such as mine reclamation, contaminated site remediation, agriculture, asphalt, concrete, and water treatment. Scotia's leadership has secured up to $3.6M in capital financing and brings significant industrial project experience.
BluSky Carbon ha firmato un accordo quadro di servizi con Scotia BioChar per la fornitura di attrezzature per la pirolisi del biochar e servizi di consulenza nell'Est del Canada. L'accordo di un anno concede a Scotia diritti esclusivi per emettere dichiarazioni di lavoro (SOW) per i servizi di BluSky. Scotia BioChar, con sede a Bedford, Nuova Scozia, mira a produrre biochar di alta qualità da biomassa di legno di scarto, inclusi circa 20 milioni di tonnellate di alberi abbattuti dall'uragano Fiona. Il biochar sarà utilizzato in applicazioni come il recupero minerario, la bonifica di siti contaminati, l'agricoltura, l'asfalto, il cemento e il trattamento delle acque. La leadership di Scotia ha assicurato fino a 3,6 milioni di dollari in finanziamenti e porta con sé una significativa esperienza in progetti industriali.
BluSky Carbon ha firmado un acuerdo maestro de servicios con Scotia BioChar para la provisión de equipos de pirolisis de biochar y servicios de consultoría en el Este de Canadá. El acuerdo de un año otorga a Scotia derechos exclusivos para emitir declaraciones de trabajo (SOW) para los servicios de BluSky. Scotia BioChar, con sede en Bedford, Nueva Escocia, tiene como objetivo producir biochar de alta calidad a partir de biomasa de madera de desecho, incluidos aproximadamente 20 millones de toneladas de árboles derribados por el huracán Fiona. El biochar se utilizará en aplicaciones como la rehabilitación de minas, la remediación de sitios contaminados, la agricultura, el asfalto, el concreto y el tratamiento de aguas. La dirección de Scotia ha asegurado hasta 3.6 millones de dólares en financiamiento de capital y aporta una experiencia industrial significativa.
BluSky Carbon은 Scotia BioChar와 동부 캐나다에서의 바이오차 열분해 장비 및 컨설팅 서비스 제공을 위한 마스터 서비스 계약을 체결했습니다. 1년 동안의 계약은 Scotia에 BluSky 서비스에 대한 작업 명세서(SOW)를 발행할 독점 권한을 부여합니다. 노바 스코샤 베드포드에 본사를 둔 Scotia BioChar는 허리케인 피오나에 의해 넘어져서 약 2000만 톤의 나무를 포함한 폐목질 Biomass에서 고품질의 바이오차를 생산하는 것을 목표로 하고 있습니다. 이 바이오차는 광산 복원, 오염된 장소 정화, 농업, 아스팔트, 콘크리트 및 물 처리와 같은 분야에 사용될 것입니다. Scotia의 리더십은 360만 달러까지 자본 금융을 확보했으며, 상당한 산업 프로젝트 경험을 가지고 있습니다.
BluSky Carbon a signé un accord-cadre de services avec Scotia BioChar pour la fourniture d'équipements de pyrolyse de biochar et de services de conseil dans l'Est du Canada. Cet accord d'un an accorde à Scotia des droits exclusifs pour émettre des déclarations de travail (SOW) pour les services de BluSky. Scotia BioChar, basé à Bedford, Nouvelle-Écosse, vise à produire du biochar de haute qualité à partir de biomasse de bois de rebut, y compris environ 20 millions de tonnes d'arbres abattus par l'ouragan Fiona. Le biochar sera utilisé dans des applications telles que la réhabilitation minière, la remise en état de sites contaminés, l'agriculture, l'asphalte, le béton et le traitement de l'eau. La direction de Scotia a sécurisé jusqu'à 3,6 millions de dollars de financement et dispose d'une expérience significative en projets industriels.
BluSky Carbon hat einen Rahmenvertrag über Dienstleistungen mit Scotia BioChar zur Lieferung von Pyrolyseanlagen für Biochar und Beratungsleistungen in Kanada unterzeichnet. Der einjährige Vertrag gewährt Scotia das exklusive Recht, Arbeitsaufträge (SOWs) für die Dienstleistungen von BluSky auszustellen. Scotia BioChar mit Sitz in Bedford, Nova Scotia, hat sich zum Ziel gesetzt, hochwertigen Biochar aus Holzabfällen zu produzieren, darunter etwa 20 Millionen Tonnen Bäume, die durch den Hurrikan Fiona umgestürzt wurden. Der Biochar wird in Anwendungen wie Bergbau-Rekultivierung, Sanierung kontaminierter Standorte, Landwirtschaft, Asphalt, Beton und Wasseraufbereitung verwendet. Die Führung von Scotia hat bis zu 3,6 Millionen Dollar an Kapitalkredit gesichert und bringt bedeutende Erfahrung in industriellen Projekten mit.
- Secured exclusive agreement for biochar equipment deployment in Eastern Canada
- Access to large biomass source of 20 million tonnes from Hurricane Fiona
- Scotia has secured $3.6M in capital financing
- Agreement is to one-year initial term
- No guaranteed revenue as SOWs are subject to approval
Agreement paves the way for deployment of Biochar Pyrolysis Equipment in Eastern Canada
OLD SAYBROOK, CT and VANCOUVER, BC / ACCESSWIRE / October 25, 2024 / BluSky Carbon Inc. (CSE:BSKY)(OTCQB:BSKCF)(FWB:QE4 /WKN:A401NM) ("BluSky" or the "Company"), an innovative entry into the carbon removal clean technology sectoris pleased to announce it has entered into a master services agreement (the "Agreement") with Scotia BioChar Inc. ("Scotia") pursuant to which Scotia may, from time to time, issue statements of work ("SOW") for provision by the Company of manufacturing equipment and/or professional consulting services relating to the production of biochar.
Scotia BioChar is headquartered in Bedford, Nova Scotia, Canada and aims to become a producer of high-quality biochar from waste wood biomass found in central Nova Scotia. Several regional biomass sources are available, including the approximately 20 million tonnes of trees blown down during Hurricane Fiona (2022).
The Agreement has an initial term of one (1) year, during which Scotia shall have the ability to issue SOWs, with each SOW indicating the type of work/service sought by Scotia from the Company, and the anticipated remuneration for the same. Under the terms of the Agreement, Scotia is obligated to deal exclusively with the Company with respect to the provision of equipment and services as contemplated by the Agreement, and the Company shall have the ability to accept or object to any particular SOW.
By utilizing the pyrolysis technology and services to be provided by BluSky under the Agreement, Scotia intends to generate biochar for use in applications such as: mine reclamation, chemically contaminated site remediation; agriculture crops and livestock; asphalt and concrete; as well as wastewater and water treatment.
Scotia is led by Liz MacKenzie (Co-Founder and President), who has successfully advanced projects from concept through comprehensive business and financial models. Additionally, Ms. MacKenzie has secured funding from both government and private sector sources. To date, she has committed up to
Co-Founder, Vice President and a Director of Scotia BioChar Inc., Mr. Francis MacKenzie, is an experienced entrepreneur and serves as President of several industrial projects that collectively represent approximately
Liz MacKenzie, President of Scotia BioChar Inc. states, "I am delighted to have the opportunity to work with the BluSky team as we advance towards industrial scale biochar production in Eastern Canada. The opportunity is significant and a win-win for regional industries and the environment. The BluSky technology is a great fit and we can't wait to get a Vulcan system deployed in Novas Scotia."
BluSky CEO Mr. Will Hessert states, "The Scotia Biochar team has been diligently working towards deploying a biochar production facility in Nova Scotia. On that journey, they've become incredibly knowledgeable about biochar production technologies, byproducts, and more. We are honored that they have given their faith in BluSky, both in our technology and our expertise. Exciting times and a great opportunity for Nova Scotia".
About BluSky Carbon Inc. (CSE:BSKY)(OTCQB:BSKCF)(FWB:QE4 /WKN:A401NM)
BluSky is a renewable energy company that is in the business of putting Carbon back into the ground - where it belongs! The Company converts organic and industrial waste into biochar, renewable power and carbonate rocks, as well as the development and sale of carbon capture technology. BluSky's primary objectives are to (1) construct carbon removal equipment; (2) sell the biochar produced by the carbon removal equipment; and (3) sell carbon credits generated from the production of biochar. The Company's business model is based on the growing need for carbon neutrality and demand to reduce CO2 emissions.
BluSky Carbon is publicly listed in Canada on the CSE with the trading symbol BSKY, on the OTCQB as BSKCF, and in Frankfurt, Germany (FWB) with the identifier QE4. BluSky's public filings and related documents are available on the Company's profile page on SEDAR+ at www.sedarplus.ca. For more information about the Company, please visit https://bluskycarbon.com/, watch our video, and sign up to receive news alerts or join us on social media at Facebook, X (formerly Twitter), Instagram, or LinkedIn.
ON BEHALF OF THE COMPANY
William ("Will") Hessert
Chief Executive Officer
BluSky Carbon Inc.
35 Research Parkway,
Old Saybrook, CT, 06475
Tel. (860) 577-2080
Web. https://bluskycarbon.com/
Email. info@bluskycarbon.com
Sales or partner opportunities:
Greg Pakiela, Business Development
greg.pakiela@bluskycarbon.com
Forward-Looking Information Disclaimer
This release contains statements and information that, to the extent that they are not historical fact, may constitute "forward-looking information" within the meaning of applicable securities legislation based on current expectations, estimates, forecasts, projections, beliefs and assumptions made by management of BluSky about the industry in which it operates. Forward-looking information includes, but is not limited to, statements regarding the potential for conducting any work, including providing machinery, equipment or consulting services, under the Agreement, and generating any revenue therefrom. Forward-looking information may also include financial and other projections, as well as statements regarding future plans, strategies, prospects, objectives or economic performance, or the assumption underlying any of the foregoing. In some cases, forward-looking statements can be identified by terms such as "may", "would", "could", "will", "likely", "except", "anticipate", "believe", "intend", "plan", "forecast", "project", "estimate", "outlook", or the negative thereof or other similar expressions concerning matters that are not historical facts.
Forward-looking information is based on current expectations, assumptions, estimates, forecasts, projections, analysis and opinions of management made considering its experience and its perception of trends, current conditions and expected developments, as well as other factors that management believes to
be relevant and reasonable in the circumstances at the date that such statements are made, but which may prove to be incorrect. The material factors and assumptions used to develop the forward-looking information contained in this news release include, but are not limited to: Scotia issuing any statements of work under the Agreement; the Company's ability to fulfill any statements of work, including to provide any machinery, equipment or consulting services; regulatory requirements being maintained; general business, economic and political conditions; the Company's ability to successfully execute its plans and intentions; the availability of financing on reasonable terms; the Company's ability to attract and retain skilled staff; market competition; the products and technology offered by competitors; that good relationships with service providers and other third parties will be established and maintained; continued growth of the carbon capture technology industry and positive public opinion with respect to the carbon capture technology industry.
Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking information, including, without limitation, Scotia being able to realize on its business plans; the Company's ability to fulfill any statements of work, and to provide any machinery, equipment or consulting services thereunder; the Company's limited operating history; negative cash flow; financial position and results of operations differing materially from expectations; the expectation of incurring future losses and never becoming profitable; requiring additional capital to continue operations; reliance on third-party service providers; strong competition from competitors in the carbon capture technology industry; technological changes in relation to carbon capture that may adversely affect adoption of current technology or the Company's products; supply and demand for the reduction of carbon emissions; and other risk factors described in the Company's amended prospectus dated June 11, 2024. Accordingly, readers should not place undue reliance on any such forward-looking information. Further, any forward-looking information speaks only as of the date on which such statement is made. New factors emerge from time to time, and it is not possible for the Company's management to predict all such factors and to assess in advance the impact of each such factor on the Company's business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking information. The Company does not undertake any obligation to update any forward-looking information to reflect information or events after the date on which it is made or to reflect the occurrence of unanticipated events, except as required by law, including securities laws.
The Canadian Securities Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.
SOURCE: Blusky Carbon Inc.
View the original press release on accesswire.com
FAQ
What is the duration of BluSky Carbon's (BSKCF) agreement with Scotia BioChar?
How much biomass is available to Scotia BioChar from Hurricane Fiona?
What applications will Scotia BioChar use BluSky's (BSKCF) biochar technology for?
How much capital financing has Scotia BioChar secured for its projects?
