Charwood Energy Secures Financing for Syngas Plant

Charwood Energy has successfully secured financing for its first proprietary syngas production plant, which will provide green energy to the Verallia France site in Cognac. This marks a significant step for Charwood Energy, reinforcing its strategy to develop recurring long-term revenues and showcasing its expertise in meeting industrial decarbonization goals.

The project, in collaboration with the Eiffel Gaz Vert fund, will operate under a 21-year corporate SPA with Verallia France, supplying renewable gas to reduce fossil energy consumption and CO2 emissions by 22% at one furnace. Construction is slated to start in early 2026 and complete by late 2027.

Supported by funds from ADEME and partners such as Banque des Territoires, the plant anticipates producing 30 GWh/year using 8,000 tons of locally sourced biomass. This initiative aligns with France's goals to cut greenhouse gas emissions by 35% by 2030, demonstrating Charwood Energy's commitment to sustainable industrial innovation.