Join our daily newsletter At The Bell to receive exclusive market insights
- Activated carbon manufacturer Carbonxt (AG1) signs a Letter of Intent (LOI) with Glanris to develop a pelletised version of Glanris’ Biocarbon
- Based in the United States, Glanris is a carbon-neutral company that delivers water filtration through a world-first sustainable filtration media that filters organics and metals
- Carbonxt and Glanris are working together to expand Glanris’ existing water filtration products and create a pelletised version
- Production is expected to begin in the second half of 2022 and a targeted minimum volume of 1500 tonnes per annum has been set
- Shares in Carbonxt are down 1.47 per cent on the market and are trading at 33.5 cents
Activated carbon manufacturer Carbonxt (AG1) has signed a Letter of Intent (LOI) with Glanris to develop a pelletised version of Glanris’ Biocarbon.
Based in the United States, Glanris is a carbon-neutral company that delivers water filtration through a world-first sustainable filtration media that filters organics and metals.
It manufactures a green, sustainable water filtration media made from rice husks.
Around the globe, more than 220 billion pounds of rice husks are generated annually from milling operations with the majority of the husks either burned or left to rot in landfill – both of which create significant amounts of harmful greenhouse gases
Glanris converts these hulls into a biocarbon that sequesters carbon instead of creating greenhouse gases.
Carbonxt’s US-based research team and Glanris are now working together to expand Glanris’ existing water filtration products and create a pelletised version to purify pollutants in a variety of applications.
The pellet will be able to be used in both liquid and vapour applications.
Production is expected to begin in the second half of 2022 and a targeted minimum volume of 1500 tonnes per annum has been set.
Managing Director Warren Murphy has commented on the agreement.
“The LOI with Glanris gives both parties the necessary flexibility to bring this Biocarbon pellet to market in a relatively short time frame, from conception to first production in a little over six months,” Mr Murphy commented.
“Glanris has developed cutting edge technology and a patented manufacturing technology for removing contaminants, and when combined with our own technology, the scope for this pellet is exceptionally compelling.”
Shares in Carbonxt were down 1.47 per cent on the market and were trading at 33.5 cents at 2:57 pm AEDT.
