- Carbonxt (CG1) has signed a commercial agreement with United States manufacture Kentucky Coal Processing
- Carbonxt develops activated carbon pellets (ACP) that reduces environmental pollutants
- Through the partnership, Carbonxt will expand its manufacturing capacity to produce ACP on an industrial scale
- The agreement with Kentucky will also allow the company to purchase ACPs at a cost rate basis
- Notably, an investment group will construct a speciality ACP plant, which expected to be fully operational before the second quarter of 2022 financial year
- On market close, Carbonxt is up 2.17 per cent and trading for 23.5 cents per share
