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Carbonxt Group Ltd (CG1)

___:___ · Basic Materials
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VOLUME
DIV YIELD
PE RATIO
1 YR RETURN
52 WEEK RANGE

Company Deep Dive

Carbonxt is a high-growth cleantech company that develops and manufactures patented emissions-reducing activated carbon (AC) products to eliminate toxic pollutants from industrial gas and wastewater streams.

  • One of only seven of the ASX listed cleantech peers who are currently revenue generating.

  • Active in water and air purification markets; as well as phosphate and nitrogen removal markets. Addressable markets > US$10B.

  • World leading research in carbon materials.

Key Details
Established
2006
Industry
CleanTech
Applications
6
Headquartered
Gainesville, Florida
Primary Market
Activated Carbon
Updated: 01 Nov 2021

Reasons to Invest in Carbonxt

Developed a novel oxidising, non-brominated, non-corrosive activated carbon.

Expanded applications to include cement plants, potable water, boilers and incinerators.

Large and sticky customer base, 3-5 year contracts with high retention.

Only activated carbon pellet manufacturer located in the United States.

People

Board

Matthew Driscoll

Chairman

Matthew has significant experience across several industries, including online technologies, financial services, fintech, cleantech, property and resources. He has more than 30 years’ experience in capital markets and the financial services industry and is an accomplished company Director in roles across listed and private companies.

Profile

Matthew Driscoll

Chairman

Matthew has significant experience across several industries, including online technologies, financial services, fintech, cleantech, property and resources. He has more than 30 years’ experience in capital markets and the financial services industry and is an accomplished company Director in roles across listed and private companies.

He has significant experience in international business growth, mergers and acquisitions, equity and debt raisings and building strategic alliances, and remains committed to ethical, commercial and consumer-based outcomes. Current Directorships: NED Energy Technologies Limited (EGY), NED Blina Minerals (BDI), NED Eco Systems Limited (ESL), NED Smoke Alarms Holdings.

Warren Murphy

Managing Director

Warren has led a large number of acquisitions and financings across the energy, resources and infrastructure sectors. This includes the development of over 2,000 MW of Greenfields power stations and the acquisition of over 3,000 MW of generation.

Profile

Warren Murphy

Managing Director

Warren has led a large number of acquisitions and financings across the energy, resources and infrastructure sectors. This includes the development of over 2,000 MW of Greenfields power stations and the acquisition of over 3,000 MW of generation.

Warren was Co-Head of the Australian Infrastructure & Project Finance Group and Head of Energy at Babcock & Brown based in the Sydney office. Warren led the development of Babcock & Brown’s energy sector capability in Australia and New Zealand, including the founding of Infigen Energy (and its unlisted predecessor, Global Wind Partners), where he served as a director from inception until June 2009. He was also a director of the ASX listed Alinta Limited and Sydney Gas Limited, as well as the unlisted Coogee Resources Limited.

David Mazyck, PhD

Board Member

Dr. Mazyck is a world-leading expert on activated carbon (AC) and its applications including mercury capture. He has developed AC products for the major multinational AC manufacturers and has regularly consulted for them on technical issues.

Profile

David Mazyck, PhD

Board Member

Dr. Mazyck is a world-leading expert on activated carbon (AC) and its applications including mercury capture. He has developed AC products for the major multinational AC manufacturers and has regularly consulted for them on technical issues.

Dr. Mazyck is the former Chairman of the Activated Carbon Standards Committee for the American Waterworks Association and has developed products for NASA. He is a member of the World Coal Association and an appointee to the United Nations, playing a key role in the efforts to develop a global treaty for mercury. He received his PhD from Penn State University in Environmental Engineering where he also earned a PhD Minor in fuel science.

Applications

Application

Nutrient Recovery Technology

Carbonxt HydRestor™ phosphorus recovery technology was developed to specifically target growing needs to maintain regulatory compliance and maintain balance in the natural environment. The water filter technology is versatile enough to be used for municipal wastewater, stormwater, or food and beverage applications.

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Application

Coal-Fired Power Plants

Product lines feature impregnated PACs, produced from coal or domestic sustainable materials, that are designed to remove mercury in the gas and aqueous phases. The unique pore structure of our PACs permit the rapid adsorption and removal of mercury from combustion gases originating in various environments.

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Application

Cement Plant

Carbonxt's CEM-PAC line is specifically engineered for cement plants’ NESHAP and CISWI compliance efforts.

It offers its superior-oxidizing, non-corrosive activated carbons enhanced with Carbonxt’s proprietary additive in addition to slightly brominated versions. Its PACs have been vetted in a variety of plant configurations with varying gas conditions and temperatures

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Application

Industrial Boilers And Incinerators

Carbonxt's non-corrosive activated carbons do not contain additives that will cause damage to facilities, but are just as effective as its brominated products. The superior-oxidizing additive enables high adsorption of mercury, and cuts costs due to a lower necessary injection rate.

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Application

Potable Water

Powdered Activated Carbon (PAC) products are the industry standard for water treatment.

Carbonxt provides high quality PACs developed specifically for the removal of taste and odor compounds, in addition to other common drinking water contaminants. Its carbon products are all domestically produced by steam activation of select renewable resources, allowing Carbonxt to provide partners with the highest quality activated carbon products at the best price.

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Application

Voc & Contaminant Removal

Carbonxt engineers high-performance carbon pellets to remove VOCs and contaminants from a variety of gas and liquid streams. Volatile Organic Compounds exist in a variety of forms and industries. VOCs pose a risk to the environment and public health, especially the health of industry employees. Activated carbon filtration removes VOCs from air and water, purifying them for the benefit of all. 

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Key Milestones

Historical Milestones

Three US manufacturing facilities with capacity to produce ~20,000 tonnes of powdered and pelletised product
The only North American manufacturer of industrial ACP products.
US$1m order received to supply 500 tons of Activated Carbon Pellets to existing power station customer in Wisconsin.

Future Milestones

Completion of an additional 5,000 ton per annum pellet facility in Kentucky expected in 2HFY22.
Commence overseas pellet sales.
Expansion into new technologies in the carbon emissions reduction sector.

Investment

Investors

National Nominees Limited

Washington H Soul Pattinson

La Andrews Investments Pty Ltd

Capital Raises

Carbonxt Raises $2.1m For Pellet Plant Expansion
|May 2021

Received firm commitments for $2.1m (before costs) in a placement to sophisticated and professional investors. Each New Share will be entitled to options on a 1:2 basis at a strike price of $0.24, The Options have a term of two years from issue.

Raised $2.1m
Offer Price $0.15
Notes Management and directors of the Company will subscribe for at least $400,000 of New Shares, subject to approval by Shareholders.
Carbonxt successfully completes $3 million capital raising
|Nov 2020

Received firm commitments to raise $3 million from leading institutional and sophisticated investors. Funds will fund raw material purchased for AC pellet production, as well as general working capital as Carbonxt delivers on a strong pipeline of opportunities.

Raised $3m
Offer Price $0.16
Notes

Documents

Investor Presentation

30 Sep 2021 | Presentation
PDF (1395.4 KB)

Annual Report

28 Aug 2021 | Report
PDF (1259.8 KB)

Prospectus

21 May 2021 | Prospectus
PDF (1228.1 KB)

PAC Case Study

01 Jul 2020 | Case Study
PDF (265.6 KB)

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