Record PAC revenue and profitability driven by ongoing and sustainable improvements

Strategic GAC project at Red River remains on target for first deliveries in Q1 2025

GREENWOOD VILLAGE, Colo., Nov. 07, 2024 (GLOBE NEWSWIRE) — Arq, Inc. (NASDAQ: ARQ)

Arq, Inc., a producer of activated carbon and other environmentally efficient carbon products, has announced its financial and operating results for the quarter ended September 30, 2024. The company reported record revenue and profitability driven by ongoing and sustainable improvements in its operations.

The strategic GAC project at Red River is on target for first deliveries in Q1 2025, with modular commissioning already underway. Capital expenditures, timing, and contracting are advancing in-line with expectations. Arq expects to ramp the Red River GAC run-rate to 25 million nameplate by the end of Q1 2025. Additionally, the company has identified the potential to increase GAC nameplate capacity by 10-20% with no anticipated additional capital expenditures required.

These developments are positive indicators of Arq’s growth and success in the activated carbon market. The company’s commitment to sustainability and efficiency is paying off, with strong financial results and promising future prospects.

How this will affect me

As a consumer, the success of Arq’s GAC project at Red River could potentially lead to the availability of more environmentally efficient carbon products in the market. This could mean cleaner and more sustainable purification processes across industries, ultimately benefiting the end-users who rely on these products for various applications.

How this will affect the world

Arq’s focus on sustainability and efficiency in producing activated carbon products is a positive development for the environment. By increasing GAC nameplate capacity and driving ongoing improvements in their operations, the company is contributing to the global efforts towards environmental conservation and reducing carbon footprints. This could have a ripple effect on the world by promoting more sustainable practices in industries and encouraging other companies to follow suit.

Conclusion

Arq’s record PAC revenue and profitability, along with the progress in the Red River GAC project, demonstrate the company’s commitment to sustainability and efficiency. These developments have the potential to benefit consumers by providing more environmentally efficient products, while also making a positive impact on the world’s environmental conservation efforts. Arq’s continued success in the activated carbon market is a promising sign for a greener and more sustainable future.