CNEY Wins a Large Activated Carbon Order
On March 20, 2023, CN Energy Group Inc. (NASDAQ: CNEY) announced a significant contract through its subsidiary, Zhejiang CN Energy New Materials Co., Ltd., to supply wood-based activated carbon valued at RMB 5.76 million (approximately US$0.84 million) for the pharmaceutical industry. The activated carbon, notable for its eco-friendliness and efficacy, will be delivered by March 31, 2023. CNEY aims to expand its market share in the pharmaceutical sector by enhancing product quality and competitiveness, utilizing advanced manufacturing methods that convert agricultural waste into high-quality activated carbon.
- Secured a contract worth RMB 5.76 million (approximately US$0.84 million) for activated carbon in the pharmaceutical industry.
- Activated carbon provides a renewable and effective solution for pharmaceutical applications, enhancing product appeal.
- Plans to strengthen R&D, quality control, and marketing to capture market share in the pharmaceutical sector.
- None.
LISHUI,
Wood-based activated carbon is widely used as an effective adsorbent in the pharmaceutical industry, mainly due to its unique properties, which provide a renewable and environmentally-friendly solution for filtering impurities, removing toxins, purifying liquids and decolorizing outputs. CNEY is a high-tech enterprise that utilizes a sophisticated physical pyrolysis process to manufacture activated carbon products from forest wastes and agricultural residues. These products can demonstrate apparent comparative advantages in safety, efficiency and reliability for end users in the pharmaceutic industry, because they are characterized by large porous surfaces, high purities and low ash contents. With reinforced efforts to enhance quality consistency and price competitiveness, CNEY expects to replicate and scale up sales to its clients in the pharmaceutical industries in both the domestic and international markets.
Ms.
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