Article

NoviqTech has acquired 90% of Coralia to enhance its carbon dioxide removal capabilities and enter the biochar market, focusing on sustainability in data centres. The deal, which includes a $500,000 share issuance and milestone payments for the remaining 10%, aims to convert invasive tree species in North Queensland into biochar, generating potential carbon credits. Coralia's founder will join NoviqTech's board to lead biochar initiatives, positioning the company in the expanding carbon solution sector amidst increasing data centre emissions.