CN Energy Bags $0.84M Activated Carbon Order

  • CN Energy Group Inc. CNEY subsidiary, Zhejiang CN Energy New Materials Co., Ltd., has signed a contract to supply high-quality wood-based activated carbon to a buyer for direct application in the pharmaceutic industry.
  • The order size is RMB5.76 million, equivalent to ~$0.84 million. The company plans to deliver the goods sold before March 31, 2023.
  • Ms. Xinyang Wang, CNEY's CEO, commented, "Clients in the pharmaceutical industry typically have stringent quality prerequisites and rigorous service requirements for their material suppliers. Gaining a good reputation and accessing the supply chain in this industry is not an easy task to accomplish. Nevertheless, we believe this niche market will be lucrative and strategically attractive."
  • Price Action: CNEY shares are trading higher by 10.02% at $0.2250 in premarket on the last check Monday.
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