Carbonxt readies for production at its Kentucky plant, captures 40% ownership

Cleantech company Carbonxt Group Ltd (ASX:CG1) has reached two milestones in the development of a cutting-edge carbon-producing plant in Kentucky, achieving mechanical completion of production equipment and upping its ownership to 40%.

The plant – expected to begin production in the first quarter of 2025 – will be Carbonxt’s third operational facility, in addition to its powdered-AC (activated carbon) plant in Georgia and pelletised AC plant in Minnesota.

Activities to enable production are on-target, including the energisation of kiln circuits and the finalisation of control system integration – both of which will open the door for commissioning to start.

Carbonxt highlighted the engineering breakthroughs at the heart of its kiln design, which have been developed together with joint venture partner KCP. These include the integration of advanced temperature control and exhaust gas recycling; both of which contribute to sustainability and operational efficiency.

The plant’s development is an important step because it enables the company to join the liquid-phase activated carbon market with premium-grade domestic products while meeting sustainability expectations.

Einterest means sales negotiations with potential customers are ongoing. Carbonxt intends to release samples during the March quarter.

Following the news, CG1 shares shifted upwards, and at 13:08 AEDT, they were trading at 6.1 cents – a rise of 3.39% since the market opened.

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