Proprietary Pyrolysis TechnologyOwning a proprietary high-temperature pyrolysis process and a branded output (SulfaCHAR) provides a durable technological moat. It supports repeatable product sales across environmental/industrial uses and underpins potential licensing or project deployment revenue, driving long-term differentiation.
Dual Product And Project Revenue ModelHaving both product sales and project/technology revenue diversifies income streams and reduces dependence on a single channel. Project fees and offtake arrangements can provide upfront or milestone cashflows while product sales generate ongoing revenue as sites scale, improving long-term resilience if execution holds.
Operational Improvement In 2025EBITDA turning positive and materially improved leverage in 2025 reflect meaningful operational progress and balance-sheet repair. If sustained, this trend can lower financing needs, enhance access to capital on better terms, and support gradual transition from restructuring to growth-focused execution.