Several regional biomass sources are available in the area, including the approximately 20 million tons of trees blown down during Hurricane Fiona in 2022.
The Agreement has an initial term of one year, during which Scotia shall have the ability to issue statements of work, with each SOW indicating the type of work/service sought by Scotia from the company, and the anticipated payment. Under the terms of the Agreement, Scotia is obligated to deal exclusively with the BluSky with respect to the provision of equipment and services as contemplated by the Agreement, and the company may 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, MacKenzie has secured funding from both government and private sector sources. To date, she has committed up to $3.6M of capital financing for Scotia's various projects. She has served as the VP Business Development for Grand River Ironsands, Inc, and as a Board Member of the Halifax Regional Municipality.
Co-Founder, Vice President and a Director of Scotia BioChar Inc., Francis MacKenzie, is an experienced entrepreneur and serves as President of several industrial projects that collectively represent approximately $50 million (CAD) invested to-date, including Pure Fonte Ltée, a private company focused on low carbon production of cast iron, a key raw material required by electric arc furnace (EAF) steel mills in North America, and Labrador Sands Inc., focused on its confirmed feldspar grade, separation process and business model to strengthen concrete and reduce its carbon footprint.
BluSky CEO 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.”
