carbonxtgroupblog

[carbonxtgroupblog]

Carbonxt Completes Share Purchase Plan to Fund Kentucky Expansion

Sydney, Australia – Carbonxt Group Ltd (ASX: CG1) has successfully concluded its Share Purchase Plan (SPP), raising a total of A$739,000 from existing shareholders. The offer allowed eligible shareholders to subscribe for up to A$30,000 worth of shares at an issue price of A$0.06 per share.

The SPP was underwritten to A$1 million by two major shareholders, Phelbe Pty Ltd and Chaleyer Holdings Pty Ltd, who have now subscribed for the A$261,000 shortfall, ensuring the full amount is secured.

Proceeds from the SPP will be used to support the Company’s expansion activities in Kentucky, USA, where Carbonxt is advancing its production capabilities in the clean technology sector.

Carbonxt expressed appreciation for the ongoing support from its shareholders as it continues to scale up operations and meet growing demand for its emissions control solutions.

[carbonxtgroupblog]

Carbonxt Accelerates U.S. Expansion with Kentucky Facility Nearing Completion

Carbonxt Group Limited (ASX: CG1) is making significant strides in the U.S. cleantech sector, as highlighted in its March 2025 Quarterly Activities Report. The company's Kentucky activated carbon facility is in the final stages of commissioning, with commercial production expected to commence soon. The Kentucky plant has achieved mechanical completion, with final electrical and insulation work underway. Once operational, the facility will significantly increase Carbonxt's output of activated carbon products, including Granular Activated Carbon (GAC), enabling the company to enter the liquid-phase treatment market. 

The March quarter saw Carbonxt report a total revenue of $4.6 million, marking a 49.8% increase from the previous quarter. Powdered Activated Carbon (PAC) contributed 52% of total revenue, with gross margins improving to 47%. Customer cash receipts reached $4.1 million, an 87% increase compared to the prior quarter.

[carbonxtgroupblog]

Carbonxt Group (ASX: CG1) Unveils HY25 Results, Showcasing Key Milestones in Kentucky Plant Expansion

Carbonxt Group Limited (ASX: CG1), a U.S.-focused cleantech company, announced its Half-Year 2025 (HY25) results on 28 February 2025, highlighting significant advancements, particularly the mechanical completion of its flagship activated carbon plant in Kentucky. The company anticipates a robust second half of FY25, driven by increasing demand for powdered activated carbon (PAC), cost-reduction initiatives, and the operational ramp-up of the new facility.

In December 2024, Carbonxt, in collaboration with joint venture partner Kentucky Carbon Processing (KCP), achieved mechanical completion of their state-of-the-art activated carbon production plant in Kentucky. This 10,000-tonne-per-annum facility is set to position Carbonxt in the liquid-phase activated carbon market, offering domestically manufactured, premium-grade products. The plant's innovative kiln design incorporates advanced temperature control and exhaust gas recycling, enhancing sustainability and operational efficiency.

[carbonxtgroupblog]

Carbonxt Launches Share Purchase Plan After Successful Capital Raises

Carbonxt Group Limited (ASX: CG1), a leader in activated carbon technology, has announced the launch of a Share Purchase Plan (SPP) following two successful capital raises in late 2024. This strategic move provides existing shareholders with the opportunity to invest under the same terms as institutional investors, reflecting Carbonxt's commitment to shareholder value and inclusive growth.

Purpose of the Share Purchase Plan

The funds raised through the SPP will be strategically allocated to support working capital requirements and expedite the development of Carbonxt's state-of-the-art Kentucky facility. This facility, which has now reached mechanical completion, is pivotal to the Company's expansion strategy in the activated carbon market. Initial revenues from this facility are anticipated in the first half of 2025, marking a significant milestone in Carbonxt's growth trajectory.

[carbonxtgroupblog]

Carbonxt Delivers Strong December 2024 Quarter with Key Milestones

Carbonxt Group Ltd (ASX: CG1) (“Carbonxt” or “the Company”) has made solid progress in the December 2024 quarter, achieving major operational milestones and strengthening its financial position. The completion of the Kentucky facility, a successful capital raise, and strong Powdered Activated Carbon (PAC) sales set the stage for a promising 2025.

Kentucky Facility Reaches Mechanical Completion

On 18 December 2024, Carbonxt completed all mechanical works at its Kentucky activated carbon plant. This milestone positions the Company to ramp up production and meet rising demand across multiple industries. The Kentucky facility strengthens Carbonxt’s presence in the growing activated carbon market, with a strategic entry into the water treatment sector planned.

Managing Director Mr. Warren Murphy highlighted the significance of this milestone, stating, “The December quarter marks a major milestone for Carbonxt, with the mechanical completion of our Kentucky facility and a focus on ramping up production.”

The Company is now focused on optimising coal processing and completing high-temperature wiring installations to bring the plant online for full-scale operations.

[carbonxtgroupblog]

Carbonxt Group to Address Strong U.S. Activated Carbon Market Growth in FY2025 with New Kentucky Facility

The global activated carbon (AC) market was estimated to be valued at USD 4.4 billion in 2023, with projections indicating growth to USD 8.4 billion by 2030. This represents a compound annual growth rate (CAGR) of 9.8% during the forecast period (2024-2030). Key market drivers include stringent environmental regulations for water treatment in the U.S. and the increasing importance of air pollution control, particularly in mercury (Hg) removal applications.

Carbonxt Group Limited (ASX: CG1) (the "Company" or "Carbonxt") is a leading provider of premium AC products and solutions. The Company’s innovative products and services are used in various industries, including air and wastewater treatment, waste management, and renewable energy. With its strong track record of innovation and customer satisfaction, Carbonxt Group is well-positioned to capitalize on the growing demand for AC.

[carbonxtgroupblog]

The Kentucky Plant: A New Era in Activated Carbon Production

The Kentucky Plant, once a conventional industrial facility, has undergone a remarkable transformation into a high-capacity activated carbon production hub. The revamped front view of the plant now stands as a testament to innovation, sustainability, and technological advancement in the field of carbon production.

A Modernized Industrial Landmark

The newly upgraded plant exterior reflects the extensive redevelopment efforts undertaken to enhance its capacity and efficiency. With state-of-the-art infrastructure, the facility now features advanced emission control systems, upgraded processing units, and an expanded footprint to accommodate increased production demands. The clean, streamlined facade mirrors the plant’s commitment to environmental responsibility and cutting-edge manufacturing.

The transformation of the Kentucky Plant is aimed at significantly increasing the production of high-quality activated carbon, a critical material used in water purification, air filtration, and industrial processes. By incorporating cutting-edge technology and process optimization, the facility is set to become a leading supplier of activated carbon in the region and beyond.

[carbonxtgroupblog]

Carbonxt Nears Completion of Kentucky Manufacturing Facility

Carbonxt Group Limited is approaching a pivotal moment with the near-completion of its Kentucky manufacturing facility, developed in collaboration with New Carbon Processing LLC. This advanced facility is poised to bolster the supply of premium activated carbon for the North American markets, aligning with Carbonxt’s commitment to delivering high-quality environmental solutions.

The state-of-the-art manufacturing plant recently hosted representatives from PURE Asset Management (PAM), Carbonxt’s principal capital provider, for a comprehensive on-site construction update. This visit showcased significant advancements, reinforcing confidence in the project’s trajectory and operational readiness.

[carbonxtgroupblog]

$24M PAC Contract Expansion with Reworld Launches!

📢 Carbonxt Group (ASX: CG1) has begun delivering increased Powder Activated Carbon (PAC) volumes from its Black Birch facility to Reworld, supporting emissions control across 17 U.S. waste-to-energy plants. Here's the latest update:

Key Highlights:

🔹 Expanded Deliveries: Full-scale PAC deliveries have commenced as part of a 4-year, $24M contract extension with Reworld.

🔹 Revenue Growth: This contract will generate ~$6M annually, boosting gross margins for the Black Birch facility.

🔹 Hurricane Recovery: Despite setbacks from Hurricanes Helene and Milton, operations resumed quickly with no major impact.

🔹 Sustainability Focus: PAC is critical for reducing mercury, dioxin, and furan emissions, aligning with Reworld’s goals of zero waste and fossil fuel reduction.

🔹 Operational Upgrades: Black Birch has been enhanced to meet the growing demand while maintaining consistent PAC quality.

💬 Managing Director Warren Murphy said:

"We are excited to have increased production at Black Birch and started delivering more PAC to Reworld. This contract underscores the strength of our renewable PAC products and the trust Reworld places in us. We’re looking forward to continuing our partnership to help Reworld meet its emission targets and sustainability objectives."

📊 Investor Outlook:

The global activated carbon market is projected to grow from $4.92B in 2023 to 2030 at a 6.0% CAGR, driven by increasing demand for emission controls in sectors like municipal water treatment, food processing, and automotive industries. Carbonxt’s expanded contract places the company in a prime position to capitalize on this growth. PAC’s cost-efficiency, rapid odor removal, and air quality improvement are vital for environmental compliance.

Carbonxt’s resilience in overcoming hurricane challenges, coupled with its operational efficiency, demonstrates its ability to meet long-term commitments. The strategic partnership with Reworld strengthens Carbonxt’s market position and enhances shareholder value through sustainable growth.

[carbonxtgroupblog]

Carbonxt Group Reports 19% Revenue Surge and Secures Major Contracts in June Quarter

Carbonxt Group Limited (ASX: CG1) (Carbonxt or the Company) has reported a strong performance for the June 2024 quarter, marked by a 19% revenue increase and significant contract wins. The company’s new Kentucky facility, operated by NewCarbon Processing, LLC, is nearing completion.

Carbonxt remains focused on driving operational cash flow from both current and upcoming facilities. With this expansion, the company aims to improve manufacturing cost efficiencies, which is expected to boost margins and enhance overall growth.

[carbonxtgroupblog]

Carbonxt Secures $4.3 Million Deal for Activated Carbon Pellets with Wisconsin Public Service

In 2024, the American Lung Association published its “State of the Air 2024” report, highlighting critical concerns regarding air quality. Notably, four out of ten individuals in the United States reside in areas with unhealthy levels of air pollution. Additionally, a separate report indicates that approximately 60% of Americans—about 70 million people—depend on water systems contaminated with harmful PFAS (Per- and polyfluoroalkyl substances), commonly referred to as “forever chemicals,” at levels that necessitate reporting to the Environmental Protection Agency.Growing worries about air and water pollution have driven the need for innovative solutions.

Among these are Activated Carbon Pellets (AC Pellets), which have emerged as a vital component in pollution control efforts. The increasing global demand for effective pollution mitigation strategies has significantly enhanced the market for AC Pellets. Projections suggest that the Activated Carbon Market is expected to reach a value of USD 8.4 billion by 2030, with a Compound Annual Growth Rate (CAGR) of 9.8% from 2023 to 2030.

[carbonxtgroupblog]

Carbonxt Group Limited Secures US$159,000 Grant for Pioneering Water Remediation Initiative

Carbonxt Group Limited (ASX: CG1) (Carbonxt or the Company) is pleased to announce that it has secured a US$159,000 (~A$240,000) research grant from the Florida state government. This substantial funding will drive an innovative water remediation project designed to address the detrimental impact of Red Tide algae on Florida’s coastal communities. 

In partnership with Mote Marine Laboratory, a renowned nonprofit marine research institution in Sarasota, Florida, the initiative aims to develop a groundbreaking solution to mitigate marine algae. The project will leverage Carbonxt’s advanced activated carbon technologies to achieve this goal.