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Carbonxt Group - US$2 million order received for Activated Carbon Pellets


-- Wisconsin power station has ordered further Activated Carbon Pellets to be supplied by end December 2021
-- Contract takes customer’s total annual order value to +US$5m with this revenue to be recognised in FY22
-- In order to fulfill the order, Carbonxt’s Arden Hills plant will return to full manufacturing capacity
-- Order pipeline for AC pellets and powder is experiencing significant growth; permit for Kentucky plant construction is pending
-- President Biden's administration policies favouring clean energy signals encouraging opportunities for Carbonxt's diversified product portfolio

United States focused Cleantech company Carbonxt Group Ltd (ASX:CG1) (“Carbonxt” or “the Company”) is pleased to report that an existing power station customer in Wisconsin, USA has signed a new US$2 million (approximately A$2.73 million) contract to supply an additional 1,000 tons of Activated Carbon (“AC”) Pellets from the Arden Hills facility in Minnesota.

The value of the customer’s total order value is now +US$5m (up from US$3m), and all of this revenue will be realised in the current financial year. This total order value equates to the supply of approximately 2,500 tons of AC Pellets.

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