CN Energy enters drinkable water market with $956K order

CN Energy Group announced that its wholly owned subsidiary, Zhejiang CN Energy New Materials, had recently obtained a first order to supply high-quality wood-based activated carbon directly to a producer of potable water. The order size is RMB6.486 million, equivalent to approximately $956,000. This is another significant milestone for CNEY after it was awarded in October 2022 the permit to sell to end-users in the vast and fast-growing drinkable water market under its own brand names. Dr. Kangbin Zheng, CNEY’s CEO, commented, "We are glad to have signed this first contract just about two months after being authorized to sell directly to end-users. This order is the first step for us to enter a new area full of opportunities for delivering higher values to clients and generating additional revenues. Our team stands ready to continue to expand our marketing networks and to strive for replicating this success story. With refined growth strategies and upgraded technologies, we are quite confident that we will become more productive, competitive, and profitable in 2023."