OLD SAYBROOK, CT and VANCOUVER, BC / ACCESSWIRE / October 17, 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 proudly support the outstanding advocacy efforts of the U.S. Biochar Coalition (USBC), which helped result in new guidance from the US Environmental Protection Agency (EPA) that effectively removes a major regulatory obstacle to biochar system development.
The Obstacle
As announced by the USBC, recent discussions with the EPA targeted the erroneous application of overly onerous Other Solid Waste Incineration (OSWI) Clean Air Act (CAA) regulations to biochar systems, categorizing pyrolysis and gasification as municipal waste combustor units (incineration).This issue has been a major concern to USBC members, many of whom have experienced project delays and incurred significant costs as a consequence of the previous regulatory environment.
Breakthrough Progress
In a milestone achievement, the EPA has announced that the Non-Hazardous Secondary Materials (NHSM) team in the Office of Resource Conservation and Recovery has just developed and released guidance about the regulatory status of clean cellulosic biomass (including clean cellulosic biomass that is used to make biochar) that states directly that such materials should not be considered waste under the Clean Air Act (CAA).
Highlights
Clean cellulosic biomass used in biochar production is no longer considered waste under the Clean Air Act (CAA).
Biochar systems now have a clear path through the previously burdensome Other Solid Waste Incineration (OSWI) regulations and air permitting processes.
The EPA now recognizes biochar produced from clean cellulosic biomass as a "traditional product" rather than waste.
The EPA guidance includes a biochar subsection and says that "Clean cellulosic biomass that is processed to make a biochar product using pyrolysis or a similar process would not be considered discarded and would not be a secondary material or solid waste for the purposes of the Clean Air Act. Biochar produced from clean cellulosic biomass is considered a "traditional product" for the purposes of the regulations…"
BluSky CEO Will Hessert notes, "This is a huge win for our industry. Unfortunately, under the previous regulatory environment, pyrolysis and gasification systems were identified as solid waste incinerators which generated confusion and some negative public perception of biochar systems. I have personally experienced difficulties with community relations and municipal permitting because of these perceptions. I am grateful for USBC's leadership and advocacy on this issue, and truly delighted to have been presented with the opportunity to join the USBC Board of Directors during this period of rapid and important industry growth (see Company news-July, 2024). On behalf of the entire BluSky team, including our growing base of stakeholders and shareholders, we continue to be extremely impressed by the proactive advocacy of the US Biochar Coalition leadership, and for our part, we intend to participate fully in building a robust carbon removal industry in America."
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.
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 in this news release includes, but is not limited to, discussion regarding the removal of a major regulatory obstacle to biochar system development and the expectation that this will reduce regulatory burdens in the biochar sector. 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. 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. In particular, there is a risk that the Company's plans with respect to the joint venture may fail to materialize as contemplated or at all. 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.
