Arq Contracts Additional Production For Its Granular Activated Carbon Product; Reflects >50% Of Nameplate Capacity Under Contract Roughly Six Months Ahead Of First Production
Portfolio Pulse from Benzinga Newsdesk
Arq, Inc. (NASDAQ:ARQ) has secured additional contracts for its granular activated carbon (GAC) product, bringing total annual contracted volume to 13 million pounds, which is over 50% of its nameplate capacity. This achievement comes roughly six months ahead of the first production at its Red River facility.
July 15, 2024 | 12:08 pm
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Arq, Inc. has secured contracts for over 50% of its granular activated carbon production capacity, reaching 13 million pounds annually, six months ahead of the first production at its Red River facility.
Securing contracts for over 50% of production capacity ahead of schedule is a strong positive indicator for Arq's future revenue and market demand. This should positively impact the stock price in the short term.
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