FinTechFunding

Carbonxt: Expands activated carbon pellet capacity

  • 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
Previous article
Bowen Coking Coal: Appoints new CFO
Next article
Limitless: Raises $10M in Series B Funding
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

FinTech

NYSE Parent Invests $600M in Polymarket, Strengthening Market Position

This significant investment signals confidence in the future of predictive markets.Highlights: NYSE's parent company allocates $600M to Polymarket.Investment...
FinTech

Nexi Expands SEPA Direct Debit with Danish Banks, Enhancing Payments Integration

Nexi's collaboration with Danish banks aims to strengthen payment services across Europe.Highlights: Nexi partners with several Danish banks...
FinTech

Lloyds Confirms App Glitch Exposed Data of Almost Half a Million Customers

The significant data breach prompts concerns over customer privacy.Highlights: Lloyds Banking Group admits to a data breach affecting...
FinTech

Mastercard Restricts Sale of Nets Payments Unit Purchased for $3.2 Billion

Mastercard looks to divest its Nets payments segment as part of strategic realignment.Highlights: Mastercard is seeking to sell...