Cleantech company Carbonxt Group Ltd. has secured an expanded supply agreement with sustainable waste solutions provider Reworld, lifting its projected fiscal 2027 revenue growth to at least 40 per cent over 2026.
Under the agreement, four additional Reworld waste-to-energy facilities in the United States will transition to Carbonxt’s Powdered Activated Carbon (PAC) products from 1 January 2027. The expansion increases Carbonxt’s annual PAC supply to Reworld by roughly 25 per cent through to December 2028.
The additional volume is expected to contribute approximately AU$1 million in revenue in 2027, maintaining gross margins consistent with current operational performance.
Carbonxt manufactures its PAC at its Black Birch facility in Swainsboro, Georgia, using sustainably sourced wood-based materials. The product is used by Reworld to remove mercury, dioxins, and furans from facility emissions.
To accommodate the increased supply demands, Carbonxt is investing AU$1.1 million from existing cash flow to install a new mill at Black Birch. Slated for completion in the third quarter of 2027, the new equipment will double the plant’s total production capacity to approximately 12,000 tons annually while providing operational redundancy.
The updated outlook builds on recent volume increases with other major clients, with management noting that the forecasted revenue surge comes entirely from existing operations, excluding potential upside from its Kentucky facility currently undergoing kiln testing.
Carbonxt Managing Director Warren Murphy said the deal shows customer confidence in the company’s sustainable products and delivery reliability.
“Reworld’s decision to expand our supply relationship again is a strong endorsement of the performance of our sustainable PAC products and the reliability of our team at Black Birch,” Murphy said.
“The new mill gives us the capacity to deliver these additional volumes, adds redundancy at Black Birch, and positions us to meet further demand from our customers.”