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Carbonxt: Expands activated carbon pellet capacity

February 2, 2021

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