NoviqTech (ASX: NVQ) has unveiled a substantial biochar carbon removal strategy via its Coralia unit, aiming for institutional-scale sequestration and targeting data centre demand.
The company announced multiple initiatives, including the significant Coralia project, building on its recent acquisition and previous technology developments.
Coralia's Great Barrier Reef Biochar Project
NoviqTech's Coralia unit is driving the Great Barrier Reef Biochar Project, a large-scale initiative focused on carbon removal. The project has successfully secured 2 million tonnes of biomass under binding contracts.
This substantial biomass supply underpins plans to produce 250,000 tonnes of biochar. This biochar production is projected to sequester an estimated 550,000 tonnes of CO2 over the project life.
The project adheres to the Puro.earth Biochar Standard, ensuring high-integrity carbon removal credits.
Additionally, four contracted properties are strategically located on major highways like the Flinders and Bruce Highways, optimising logistics and reducing transport costs.
The project also aims to support land remediation across approximately 20,000 hectares.
Strategic Acquisition of Coralia
This biochar strategy follows NoviqTech's binding agreement to acquire 90% of Coralia Pty Ltd. Coralia is a biochar Carbon Dioxide Removal (CDR) platform explicitly designed to target data centres.
The acquisition is supported by a $1.5 million placement and a minimum $1 million equity raise. Timothy Brooks, Coralia's founder, is set to join the NoviqTech board as Executive Director post-completion.
The remaining 10% of Coralia will be acquired through milestone-based payments. These milestones include the crucial Puro.earth assessment approval and verification that trial biochar meets specified standards.
Funds from the recent placement will accelerate Coralia's trials, platform expansion, and enhance NoviqTech's broader Carbon Central and Fuel Central capabilities.
Data Centre and Institutional Market Focus
Coralia is positioned as an institutional-grade biochar CDR supplier, specifically "built for the AI data centre era".
This strategy aims to meet the significant net-zero needs of hyperscalers and major tech companies.
The project integrates high-integrity biochar CDR with valuable biodiversity and community co-benefits within the Great Barrier Reef catchment area.
NoviqTech anticipates that the high quality and positive co-benefits of its biochar will attract premium pricing in the market.
Ongoing Technology and Platform Development
Beyond Coralia, NoviqTech continues to develop its core technology platforms. This includes ongoing work on Carbon Central and Fuel Central, alongside its recently launched Quantum Intelligence subsidiary.
The Quantum Intelligence subsidiary has released beta platforms, QI Provenance and QI AI. Further highlighting its technological advancements, NoviqTech was awarded a $160,000 grant from The Hashgraph Association in December 2025.
This grant supports the development of Eco-Markets Australia’s Registry 2.0 MVP, a project aiming to modernise the Reef Credit Scheme registry.
The company has also established multiple product launches and pilot programs in recent quarters, including partnerships with HYDI Hydrogen and Livium.
Financial Position and Funding
As of its September 2025 quarterly report, NoviqTech had an estimated funding runway of approximately 1.92 quarters. The recent $1.5 million placement and a $1.4 million loan facility provide additional liquidity.
During the September quarter, NoviqTech reported an operating cash outflow of $778,000, indicating an ongoing cash burn as it invests in development and expansion activities.
Future equity raises, which could dilute existing shareholders, remain a possibility and a known risk.
Furthermore, the absence of detailed project economics for the biochar initiative means the initial impact on margins is yet to be fully clarified.
NoviqTech's Biochar Ambitions and Execution
NoviqTech is making a significant strategic push into the biochar carbon removal market through its Coralia acquisition and the Great Barrier Reef Biochar Project, targeting institutional buyers like data centres.
While the project has secured substantial biomass and aims for high-integrity carbon credits, investors will be watching execution risks, certification processes, and the company's ability to manage its ongoing cash burn.
