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An announcement from Carbonxt Group Ltd. ( (AU:CG1) ) is now available.
Carbonxt Group Ltd has increased its investment in New Carbon Processing, LLC by US$750,000, raising its ownership to 45.9% as part of its U.S. growth strategy. The Kentucky facility, nearing operational status, is expected to boost Carbonxt’s sales by approximately 200% and enable entry into the larger liquid-phase activated carbon market. This expansion aligns with the increasing demand for sustainable supply chains and tighter U.S. EPA standards, enhancing Carbonxt’s position as a domestic supplier for air and water purification markets.
More about Carbonxt Group Ltd.
Carbonxt Group Ltd (ASX: CG1) is a cleantech company specializing in the development and marketing of specialized activated carbon products. These products are designed to capture contaminants in industrial processes that emit significant amounts of harmful pollutants. The company manufactures powdered activated carbon and activated carbon pellets for use in industrial air purification, wastewater treatment, and other liquid and gas phase markets.
Average Trading Volume: 188,635
Technical Sentiment Signal: Buy
Current Market Cap: A$37.26M
See more data about CG1 stock on TipRanks’ Stock Analysis page.