CG1 getting recognition for their new phosphate cleaning AC with the DOE. Also doing 3 commercial pilots for the product in Florida. https://www.carbonxt.com/wp-content/uploads/2020/07/Prize-Award-Press-Release.pdf

March 2020 Quarterly Report

https://www.asx.com.au/asxpdf/20200430/pdf/44hfr7gzljhz4p.pdf

Quarterly Cash Flow

https://www.asx.com.au/asxpdf/20200430/pdf/44hfr5l8t2jdzk.pdf
 

More recent research shows ADA has a non-bromine powder, however, the efficiency of it is similar to products rleeased years agao and only 30% of its latest halogenated powder. As such CG1 still retains a competitive advantage for non-bromated PAC. https://www.reinholdenvironmental.com/public/fa0cc3888bdc46b38daae70efee37367/Workshop%2016,%20Mercury%20Control-2018%20Year%20In%20Review,%20Sjostrom,%20ADA.pdf

I did a little more work on the effluent rule change covering Bromide. It can be good as EPA flagged 70 power plants that would have issues based on their review. So a big customer set that would need new AC, in theory. Also why the company is saying competitors Cabot, ADA et el would likely buy off CG1. However, the rule change covers 6 new elements. Bromide seems to have the most emphasis of the 6 in their supporting documentation for the rule change. EPA also showed that all 6 elements can be 95%+ removed via membrane filtration. So I posit that a power plant doesn't have to change its AC if it needs filtration for the rest anyway. Unless many plants don't have issues with the other 5 elements or if catching bromide at the AC level means cheaper membrane solution at the FGD wastewater backend (net net cheaper). A such, the non-bromide AC switch may not be the obvious growth accelerator previously expected but more like an option on top of the existing growth trend. The proof will be seeing Cabot or similar buy off CG1 or scramble for non-brominated AC as that will tell whats' the easiest/cheapest way to mitigate bromide release to meet the standard. The report also reads like the EPA is catching up to states that have been on top of these element release for a few years too. Overall I think it will drive higher growth potential but its not as obvious how big or fast that extra growth may be than what I though previously. Essentially an option.