Carbonxt Group Ltd (ASX: CG1) announced that it had secured a four-year contract extension to supply premium PAC products from the Company’s fully-owned Black Birch facility to Reworld. This existing Carbonxt customer and a global leader in sustainable waste solutions will generate company revenues of approximately AU$6 million per annum for the duration of the contract. The contract will commence in October 2024 and is expected to increase annual revenues by over 25%.
Due to previous efficiency improvements at Black Birch and improved economies of scale from the expanded contract volume, the sale of PAC products to Reworld is expected to achieve gross margins for the Black Birch facility of over 40%. The PAC will be used in most of Reworld’s US thermo mechanical treatment facilities, which utilize activated carbon technology to remove mercury, dioxins, and furans. The PAC will be manufactured and supplied from Carbonxt’s Black Birch facility in Georgia, which utilizes recovered wood-based material to produce its carbon products.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
