Arq secured material incremental contracted volume for supply of GAC

Arq announced it has secured material incremental contracted volume for the supply of granular activated carbon, GAC, to be produced at its strategic Red River facility. For competitive reasons, the Company will not be sharing the sectors or volumes of all associated customers. Total contracted GAC demand now stands, when fully scaled up to ultimate run-rate requirements, at 13 million pounds per annum, representing 52% of Arq‘s expanded nameplate capacity of 25 million pounds per annum at its strategic Red River activated carbon manufacturing facility. Construction at the Red River facility remains on schedule for first commercial production by year-end 2024. Bob Rasmus, CEO of Arq, remarked, “Every contract we secure further validates our GAC products and strategy. I remain incredibly proud of our team’s efforts to drive sales and collaborate with partners who show their confidence by committing to our GAC solutions. Our superior products, valuable environmental technology and wide range of industry applications continue to receive strong recognition. We believe the market has a limited supply of high-quality, fully integrated and domestically procured GAC – securing contracts representing more than 50% of Red River’s capacity with nearly six months to production clearly supports this view.”