Activated Carbon Pellets
Powdered Activated Carbon
FY24 GROWTH OPPORTUNITIES
Company Outlook
Growth from existing operations will be underpinned by the new contract win with a major waste-to-energy provider, which is expected to see an increase of over 25% in annualized revenue. This does not include any additional contribution from the commencement of the Kentucky investment mentioned below. We expect gross margins to exceed 40% as the portfolio-wide price increases and operational improvements flow through. In turn, with the commencement of the Kentucky plant, we expect to see a step change in the scale of Carbonxt’s business in FY25.
Update on Kentucky JV – NewCarbon Processing LLC.
The construction of the new activated carbon plant in eastern Kentucky, USA is nearing completion. The plant will have an initial capacity of 10,000 tons per annum, with the ability to expand to 20,000 tons per annum for a small additional investment.
The investment in NewCarbon Processing, LLC (“NewCarbon”), is alongside our US partner KCP. Carbonxt currently holds a 35.5% ownership interest in NewCarbon, with options to invest a further USD $4.5m to move to 50% ownership interest.
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