Sustainable forestry and decarbonisation projects developer FLS has partnered with environmental technology manufacturer HaiQi to develop projects in Paraguay.
The two firms have teamed up to develop a portfolio of biochar, biocoke and activated-carbon production projects with the partnership’s initial project focusing on transforming forestry residues into biochar through HaiQi’s pyrolysis and gasification technology.
As part of the partnership, FLS will structure and lead the projects, while HaiQi will provide, maintain and refine the core technology components. The parties have also committed to working exclusively with one another on biomass pyrolysis projects in Paraguay for the duration of the agreement.
Alessandro Materni, managing partner at FLS, said: “This partnership demonstrates how four strategic national priorities can be advanced in unison: establishing a reliable offtake alternative for the country’s emerging forestry industry; achieving long-term carbon removal; generating clean energy; and creating substantial employment opportunities.
“We believe biomass pyrolysis can evolve into a cornerstone of Paraguay’s green industrial future, driving economic growth, climate resilience, and technological leadership across the region.”
Steven Su, HaiQi’s CEO, said: “This partnership underscores our shared commitment to delivering credible, scalable decarbonisation solutions. As global demand for biocarbon products and verifiable and durable carbon removals accelerates, it positions us to capture these market opportunities while supplying clean, renewable energy to the Paraguayan grid.”
Giovanni Marastoni, head of analytics at FLS, said: “Many biochar and biocoke projects fail due to poor equipment selection. Machinery quality is a critical bottleneck, affecting carbon credit integrity and the consistency needed for biocoke production.
“Too often, low-cost alternatives promise exceptional returns but deliver poor or no performance. We have spent nearly two years evaluating global pyrolysis technologies through rigorous due diligence and on-site visits. Our conclusion is clear: HaiQi offers unmatched quality, reliability, and performance.”
To read the latest IPE Real Assets magazine click here.
