Arq secures second contract for granular activated carbon facility

Arq announced its second major sales contract for the supply of GAC to be produced from its strategic Red River facility. This agreement, with a company specializing in the manufacturing of personal and industrial air purification devices, has a commencement date of January 2025 and scales up to an ultimate run-rate requirement of 4 million pounds of GAC per year. This second GAC contract is in addition to the 5 million pound per year agreement announced in May 2024. At its 4 million pound per annum run-rate and in conjunction with the previously announced contract, these two agreements reflect approximately 36% of the Red River facility’s initial 25 million pounds per year GAC nameplate capacity, due to come online by year-end 2024.