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JV Agreement is in place with US partner Kentucky Carbon Processing, LLC (KCP) to establish a new state-of-the-art activated carbon plant with CG1’s share building to 50%
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Increases CG1’s current total annual production quotas to 21,000 tons of high quality activated carbon products with a further expansion anticipated for minimal further capex
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CG1 emerges with a diversified manufacturing portfolio in North America with plants in Kentucky, Minnesota and Georgia
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Additional capacity from Kentucky plant allows CG1 to expand customer base to new industries with an emphasis on water & wastewater benefiting from EPA regulatory change
United States focused Cleantech company Carbonxt Group Ltd (ASX:CG1) (‘‘Carbonxt” or “the Company”) is pleased to confirm that a legally binding Joint Venture Agreement, ‘NewCarbon’, has been established with KCP to develop its much anticipated state-of-the-art activated carbon production facility in Kentucky, USA.
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