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An announcement from Environmental Group Limited ( (AU:EGL) ) is now available.
The Environmental Group’s Clean Air division, through its Total Air Pollution Control unit, has secured a A$9 million contract from Ozango Minerais for the Longonjo Rare Earth Refinery Project in Angola. The deal covers the design and supply of an off-gas scrubbing system that will manage process emissions and support the refinery’s environmental and ESG commitments.
The system is intended to capture and neutralise particulates and gaseous pollutants to ensure regulatory compliance and safe plant operations at the rare earth facility. Management says the win strengthens TAPC’s momentum with global customers and marks a commercially attractive entry into the critical minerals sector, with work to begin in April 2026 and run for about 12 months.
The most recent analyst rating on (AU:EGL) stock is a Hold with a A$0.21 price target. To see the full list of analyst forecasts on Environmental Group Limited stock, see the AU:EGL Stock Forecast page.
More about Environmental Group Limited
The Environmental Group Limited is an Australian environmental solutions company operating four divisions focused on improving air quality, reducing carbon emissions, enhancing waste treatment, and lifting water quality. Its Clean Air unit supplies technologies to cut dust, odours, and harmful gases, while other units deliver turbine inlet and exhaust systems, nationwide energy equipment service, and advanced waste recovery and PFAS treatment solutions.
Average Trading Volume: 475,088
Technical Sentiment Signal: Hold
Current Market Cap: A$78M
For an in-depth examination of EGL stock, go to TipRanks’ Overview page.