Published On: September 22nd, 2023
CARBONXT GROUP LTD (ASX: CG1) (‘Carbonxt’ or ‘the Company’) is a cutting-edge cleantech company specialising in developing and commercialising Activated Carbon Products. The Company’s focus lies in addressing the challenge of mitigating contaminants released during industrial processes, which often result in significant emissions of hazardous pollutants. In a recent announcement, Carbonxt has appointed Dr Regina Rodriguez as the new Chief Executive Officer (CEO) of the group’s US subsidiary, Carbonxt, Inc. This appointment marks a significant milestone in the Company’s ongoing internal restructuring efforts.
As construction activity boosts at Carbonxt’s leading activated carbon (AC) production facility in Kentucky, known as NewCarbon, LLC, a joint venture with the Company’s US partner Kentucky Carbon Processing, LLC (KCP), the Company has made strategic changes to its US executive team. Dr. Mazyck has been appointed President at NewCarbon, LLC, where he will take charge of the construction and development efforts as the facility progresses towards the imminent start of operations.
Addressing these appointments, Managing Director of Carbonxt Group, Mr Warren Murphy, said,
“It is our pleasure to announce the appointment of Ms Rodriguez as CEO of Carbonxt Inc., which marks a fascinating juncture for our US business. Regina combines a strong research background with a deep understanding of commercial applications in the US water treatment industry. Along with her contribution to the business to date, this unique skillset makes her the ideal candidate for the Carbonxt, Inc. CEO role and marks the logical next step in her career. Concurrently, the appointment allows David Mazyck to focus exclusively on operational development at the NewCarbon facility as construction activity ramps up. We look forward to working with Regina and David in their new roles as the Company continues capitalising on its major addressable market opportunity in the US water treatment market.”
A Glimpse into the Career of Dr Regina Rodriguez, newly appointed CEO of Carbonxt Inc.
Dr. REGINA RODRIGUEZ holds a doctorate in environmental engineering from the University of Florida, where she received a prestigious National Science Foundation Graduate Student Fellowship. As a lead researcher, Dr. Regina Rodriguez holds nine patents, and her work as a published researcher resulted in the design, development, and application of advanced sorbents and other water quality technologies for power plants, industrial applications, and water treatment plants. She spent the last ten years at Carbonxt, where she played a vital role in the architectural implementation of two production facilities. She has managed top clients in business development and sales perspective.
About Mr Warren Murphy, Managing Director of Carbonxt Group
Figure 2: CARBONXT GROUP MANAGING DIRECTOR WARREN MURPHY
MANAGING DIRECTOR MR. WARREN MURPHY is a highly regarded executive with a remarkable financial industry background boasting extensive expertise across various sectors. He has influenced top energy firms such as Australia’s Infrastructure and Project Finance Group, Alinta Limited, and Sydney Gas Limited. His extensive involvement in global projects highlights his valuable impact on the company and the wider industry. Under his astute leadership, Carbonxt Group Limited (CG1) is well-positioned to continue its growth and innovation path into the future.
Investor Outlook
- The appointment of Dr Regina and Dr David Mazyck signals a strategic internal restructuring of the US executive team.
- In partnership with Kentucky Carbon Processing, LLC (KCP), construction activity is accelerating at Carbonxts’ flagship activated carbon (AC) production facility in Kentucky, indicating progress and potential growth.
- This Joint Venture positions the Company to hold a 50% ownership stake in a facility capable of producing 10,000 TONS PER ANNUM of high-quality activated carbon products, with potential for expansion.
- These changes reflect Carbonxt’s dedication to sustainable growth and enhancing shareholder value.
- As of September 21, 2023, Carbonxt’s stock price was AUD 0.069 per share, with a 52-week range movement of AUD 0.067 – 0.070 per share.
- The Company’s market capitalisation is AUD 18.4 MILLION as of September 21, 2023.
For more information, please visit CARBONXT’S OFFICIAL WEBSITE.
Disclaimer
The Content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations, and video (Content), is a service of COLITCO LLP and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is not a solicitation or recommendation to buy, sell, or hold the stocks of the company(s) or engage in any investment activity under discussion. Colitco LLP is neither licensed nor qualified to provide investment advice through this platform. Users should inquire about any investments, and Colitco LLP strongly suggests that users seek advice from a financial adviser, stockbroker, or other professional (including taxation and legal advice), as necessary. Colitco, at this moment, disclaims any liabilities to any user for any direct, indirect, implied, punitive, special, incidental, or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Colitco LLP. Some images/music used on this website are copyrighted to their respective owner(s). Colitco LLP does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions, or are believed to be in the public domain. We have used reasonable efforts to accredit the head wherever it was indicated as or found to be necessary.
