Airex Energy uses its proprietary CarbonFX™ technology to transform biomass into biochar, biocarbon and biocoal for carbon sequestration, green steel production and sustainable fuel/thermal applications. The company has operated the first and only industrial biocoal production plant in Canada since 2016 and exports solutions to the United States, Europe and Asia. Airex is advancing major projects in Québec/Canada and Europe, including upgrades to a Port‑Cartier biochar plant and plans announced with partners to build Canada’s first dedicated biochar plant. By 2026 the Port‑Cartier plant is expected to have North America’s largest annual biochar production capacity and the SUEZ–Airex partnership aims to produce 350,000 tonnes of biochar by 2035. Microsoft has chosen Carbonity, an Airex flagship project, for its carbon credits, reflecting external recognition of the company’s technology and projects. Airex Energy is a Montreal-based company that develops and delivers decarbonization solutions capable of significantly reducing greenhouse gas emissions. Its proprietary CarbonFX technology transforms biomass into environmentally friendly products such as biochar, biocoal and biocarbon. Since 2016 the company has operated Canada’s first industrial production facility specializing in biocoal and now exports its products to the US, Europe and Asia. Led by CEO Michel Gagnon, Airex plans to use recent funding to expand growth initiatives, including a Quebec biochar project tied to its partnership with Suez, which aims to boost biochar production in Europe and North America by 2035. Other initiatives include concluding agreements in Quebec’s biocarbon sector and in Asia’s biocoal sector, along with continuous improvements to its underlying technology. The company raised $38M to support these projects and accelerate commercialization.

Total raised

$38M

Funding rounds

2

Latest round

Equity

Latest activity

Mar 2023