- Carbonxt offers advanced carbon solutions, which eliminate mercury and other toxic pollutants from industrial flue gas and wastewater streams.
- Its proprietary Powdered Activated Carbon and Activated Carbon Pellet technologies are used across several industries for removing pollutants.
- The Company has commercialised a new product that removes phosphate from liquid streams.
ASX-listed Carbonxt Group Limited (ASX:CG1) is a growing and enthusiastic participant in the global initiative to cut down environmental pollutants. The Company is engaged in the development of innovative activated carbon solutions for filtering air and water.
Significantly, its proprietary Powdered Activated Carbon (PAC) and Activated Carbon Pellet (ACP) technologies have attracted many large clients for a long-term duration. Carbonxt is the only activated carbon pellet manufacturer located in the United States.
The Company continues to constantly push the envelope to develop new activated carbon filtration solutions while upgrading the current ones.
On the back of its steady stream of developments utilising industry leading R&D capability, Carbonxt has emerged as a solutions-based company, developing customised products for specific industrial needs.
With this backdrop, let us flick through the Company’s innovation potential.
Carbonxt team holds a strong track record
Carbonxt has an unrivalled team committed to developing new intellectual property in the activated carbon sector. The team at Carbonxt comprises four Phd professionals along with graduates and post-graduates in mechanical engineering, environmental engineering, and chemistry.
Currently, the Company has under its belt seven granted patents in the United States while 11 patent applications are pending, including two in Australia and four in Canada.
Manifold recognitions validate the robustness of R&D capabilities
Carbonxt is advancing well, supported by its R&D capability and track record of multiple unique first-ever developments and commercialisation. Significantly, the Company received two recent public grants, including the Helix Award and Florida Red Tide Mitigation and Technology Development Initiative.
This year in April, Carbonxt also received recognition from the University of Florida (UF), which annually recognises ‘Top 100’ companies that house at least one of its alumni. Carbonxt, which has 13 graduates from UF, was picked at 10th rank in the list.
Source: CG1 Presentation, dated 27 May 2021
Unlocking opportunities through new sorbent product
Carbonxt has successfully commercialised a new product designed for phosphate removal from liquid streams. Significantly, a range of novel sorbents has been developed using the existing patent-pending formulation of the Company.
Supported by grant funds begun in early July, the Company has three pilot opportunities underway. The pilots are continuing with secondary treatment stations and water treatment facilities. In addition, the sorbent product is a prize recipient from the Department of Energy, Herox.
Continued innovation enhances growth prospects
Carbonxt and Mote Marine Laboratory were awarded a grant through the Florida Red Tide Mitigation and Technology Development Initiative for further developing an activated carbon-based technology.
The award recognises promising aspects of Carbonxt’s current technology for developing a solution to the damage already caused due to algal blooms. Significantly, red tide events are caused by such algal blooms, which release toxins into the air and water, thus devastating aquatic life and tourism as well as impacting people sensitive to airborne irritants.
In essence, Carbonxt Group is a recognised and high-growth player in the US industry for proprietary powdered and pelletised activated carbon solutions, used to address emission and industrial pollution issues.
CG1 stock was trading at AU$0.132 on 11 June 2021 (AEST 1:11 PM), up 1.923% from its last close.