Mr. Andrew White reports

CHAR TECH WELCOMES FRANCE'S REGULATORY ADVANCE OPENING BIOGAS CERTIFICATE SUPPORT TO PYROLYSIS

Char Technologies Ltd. today welcomed a significant regulatory development in France that, if adopted, would open the country's flagship long-term support mechanism for renewable gas to pyrolysis-based production. The development materially strengthens the addressable market for high-temperature pyrolysis (HTP) projects in France, including those being developed by the company's partner, GazoTech SAS, under their ongoing HTP technology collaboration.

On June 25, 2026, at a meeting of France's National Biogas Group (Groupe national biogaz) convened by the French Ministry for Energy and the Ministry of Agriculture, the French government presented a set of measures to reinforce long-term visibility for the renewable gas sector and published a draft decree, now open for public consultation, relating to the biogas production certificate scheme (certificats de production de biogaz, the CPB).

The CPB scheme obliges natural gas suppliers to surrender biogas production certificates in proportion to gas delivered. The draft decree extends this through 2041, with rising quotas, as part of the French government's push toward 44 terawatt hours (158 million gigajoules) of grid-injected biomethane by 2030.

The draft decree adds pyrolysis and gasification to the CPB's eligible pathways, previously limited to anaerobic digestion and landfill gas capture. As HTP is a high-temperature pyrolysis process, this would for the first time let projects deploying Char Tech's HTP platform through GazoTech access France's principal long-term offtake mechanism for renewable gas. The decree refers to pyrolysis only as a generic pathway, with no reference to any specific technology or provider.

GazoTech, the company's partner for HTP deployment in France, is leading biomethane provence (BMP) in Gardanne, an industrial-scale HTP project on the site of a former 600-megawatt coal-fired power plant. Once operational, BMP is expected to process 115,000 tonnes per annum of recovered wood, producing 230 gigawatt-hours (828,000 GJ) per annum of RNG and 12,000 tonnes per annum of biocarbon, with commercial operations targeted for the second half of 2029, subject to obtaining all required permits and authorizations and to securing project financing.

"France moving to open its principal long-term renewable gas support mechanism to pyrolysis is a very encouraging signal for our European strategy," said Andrew White, chief executive officer of Char Tech. "It points toward a clear, durable route to market for pyrolysis-based renewable gas in one of Europe's largest gas markets. This materially strengthens the addressable opportunity for HTP in France and supports the pipeline being developed with GazoTech, with Bio-Methane Provence as the flagship."

"This proposed change recognizes thermochemical pathways alongside anaerobic digestion, which is exactly the framework our projects need to reach final investment decision," said Mael Disa, CEO of GazoTech. "With Bio-Methane Provence as our lead project and a growing pipeline behind it, we intend to be a first mover in deploying HTP at industrial scale in France. We will continue to engage constructively in the public consultation as the text moves toward final adoption."

About Char Technologies Ltd.

Char Tech is a Canadian clean-technology company developing first-in-kind high-temperature pyrolysis (HTP) systems that process unmerchantable wood and organic waste to generate two renewable energy revenue streams, renewable natural gas or green hydrogen, and a solid biocarbon that serves as a carbon-neutral, drop-in replacement for metallurgical coal.

About GazoTech SAS

GazoTech is a France-based developer of technologies and projects that reduce reliance on fossil natural gas by producing low-carbon gas through the pyro-gasification of residual biomass and wastes, for on-site industrial use or grid injection.

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