Arq announces commissioning of first granular activated carbon line

Arq (ARQ) completed commissioning of its first Granular Activated Carbon production line at the Company’s Red River Plant, marking a major milestone in Arq’s ongoing business transformation. Initial production of GAC at the Red River facility was successfully achieved in recent weeks. With this milestone successfully achieved, the facility has now completed its commissioning phase and formally commenced ramp-up. Arq’s operations team is now focused on optimizing production processes to achieve targeted nameplate capacity. Management anticipates that the plant should reach its full nameplate capacity of 25 million pounds within the next six months. With today’s announcement, Arq confirms successful commercial-scale GAC production at Red River and reports first sales revenue from initial GAC shipments to customers for previously announced testing programs. As production increases, the Company will begin fulfilling its existing supply agreements while finalizing contract negotiations for the remaining production capacity.