Carbonxt Group Ltd. reported that it has secured a contract valued at $2 million to supply its Activated Carbon (`AC') pellets to Univar Solutions USA, Inc, a leading chemical products supplier who in turn are supplying the pellets to their customers in the LNG industry. The contract is initially for a one year term, with a view to longer term arrangements still under discussion, which will be the subject of a future announcement when finalised. The AC pellets will be manufactured and supplied from the Company's Arden Hills facility in Minnesota as well as from the proposed manufacturing facility in Kentucky once it is fully operational.

Carbonxt's patented AC pellets will be deployed to capture a range of harmful pollutants resulting from the liquefaction/regasification process. The contract marks the Company's first entry into the large LNG sector through this contract with Univar, significantly expanding the Company's addressable market into an industry not previously serviced. It reflects the continual strengthening and diversification of Carbonxt's customer base who are seeking to reduce emissions and pollutants from their manufacturing and processing activities.