NoviqTech Limited, an Australian sustainability software provider listed on the ASX, has entered into a binding agreement to acquire a 90% controlling interest in Coralia Pty Ltd, a developer specializing in biocharBiochar is a carbon-rich material created from biomass decomposition in low-oxygen conditions. It has important applications in environmental remediation, soil improvement, agriculture, carbon sequestration, energy storage, and sustainable materials, promoting efficiency and reducing waste in various contexts while addressing climate change challenges. More carbon dioxide removal (CDR). This strategic acquisition, announced alongside a $1.5 million capital raising, integrates Coralia’s physical biochar production capabilities with NoviqTech’s existing digital reporting and verification infrastructure. The move is designed to position NoviqTech as a primary provider of high-integrity carbon removal solutions, specifically targeting the growing emissions profiles of the global data center and artificial intelligence sectors.

A central challenge addressed by this transaction is the rising energy consumption and associated environmental impact of data centers and AI workloads. These industries require credible, scalable carbon removal strategies to meet sustainability mandates, yet they often face a shortage of high-quality, verifiable credits. Furthermore, the regional environment in North Queensland faces ecological pressures from invasive tree species and nutrient runoff that threatens the health of the Great Barrier Reef. Traditional land management has struggled to mitigate these agricultural and ecological costs while simultaneously creating economic value from waste biomassBiomass is a complex biological organic or non-organic solid product derived from living or recently living organism and available naturally. Various types of wastes such as animal manure, waste paper, sludge and many industrial wastes are also treated as biomass because like natural biomass these More.

To resolve these issues, NoviqTech is deploying Coralia’s model of converting invasive woody biomass into biochar. This process provides a permanent carbon sequestration solution while generating certified carbon removal credits through NoviqTech’s Carbon Central platform. By focusing on invasive species in North Queensland, the initiative simultaneously reduces agricultural damage and limits sediment runoff into the Great Barrier Reef. Additionally, the project explores secondary revenue streams by utilizing the produced biochar as a sustainable input for decarbonizing construction materials, such as cement and insulation, which are essential for new data center infrastructure.

The anticipated outcomes of the acquisition include the establishment of one of the larger biochar CDR operations in the Asia-Pacific region. Upon completion, Coralia founder Timothy Brooks will join the NoviqTech board as an executive director to oversee the group’s biochar strategy, which aims for three operating sites over time. Financial milestones are tied to successful production trials and the execution of binding offtake agreements with a minimum value of $5 million. These efforts are expected to provide NoviqTech with near-term revenue from carbon credits while supporting the broader decarbonization of the Australian technology and construction sectors.