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Carbonxt Secures $24 Million Contract with Reworld: A Major Step in Sustainable Growth

Carbonxt Group Ltd (ASX: CG1), a leading cleantech company specializing in activated carbon products for industrial processes, has announced the successful securing of a $24 million contract with Reworld, a global leader in sustainable waste solutions. This contract, which spans four years, marks a significant material extension to supply premium Powdered Activated Carbon (PAC) from Carbonxt’s fully owned Black Birch facility.

Managing Director, Mr. Warren Murphy, expressed his enthusiasm about the new contract, stating:

"This contract expansion with Reworld solidifies Carbonxt’s presence in the US waste-to-energy sector. Reworld’s network and renewable products enable large-scale emission compliance through a greener supply chain. Our PAC products are a perfect fit as demand for sustainable technologies grows. We are well-positioned to scale up operations and deliver significant value to our shareholders."

This strategic partnership aligns with both companies’ commitment to sustainable business practices, creating potential for additional collaborative business opportunities.