LISHUI, China, Jan. 23,
2023 /PRNewswire/ -- CN Energy Group. Inc. (NASDAQ:
CNEY) ("CNEY" or the "Company") today announced that it had
established its United States
headquarters in Washington D.C. to
accelerate its biochar and wood-based activated carbon businesses
in North and South America. As a
concrete step toward implementing its globalization strategy, CNEY
will collaborate with partners in the
United States, Canada,
Brazil, and Mexico to establish a marketing network to
facilitate specific client needs. It will also seek opportunities
to localize production processes to minimize long-distance
transportation costs and avoid potential impediments in
cross-border supply chains. Furthermore, CNEY expects to build
partnerships with leading research institutions to reinforce its
research and development efforts.
Both biochar and wood-based activated carbon have a wide range
of applications in industrial manufacturing, pharmaceutical
manufacturing, food and beverage production, and water
purification. They can also be blended with organic fertilizers to
improve plant yields and soil productivities. The products of CNEY
are manufactured mostly by pure physical pyrolysis processes,
building on CNEY's proprietary technology to minimize chemical
inputs. The 6th-generation gasification reactors of CNEY
have demonstrated high efficiency and robust reliability and are
expected to be deployed on a larger scale in its production
processes in 2023.
Dr. Kangbin Zheng, CNEY's CEO, commented: "Together with our
partners, we have commitments, advanced technologies and first-hand
experiences in converting forest wastes and agricultural residues
into high-quality activated carbon and biochar. These
collaborations are anticipated to both generate decent financial
returns, as well as deliver tangible environmental benefits, in
terms of resource conservation, carbon recycling and waste
minimization. We believe this is a timely decision of our company
to establish headquarters in the United
States, which will likely accelerate our penetration into
the global market and bring back more direct opportunities for us
to better serve our clients."
About CN Energy Group. Inc.
CN Energy Group. Inc. is currently listed on NASDAQ under the
symbol of CNEY. With patented proprietary bioengineering and
physiochemical technologies, CNEY has pioneered and specialized in
producing high-quality recyclable activated carbon and renewable
energy from abandoned forest and agricultural residues, converting
hazardous wastes into invaluable wealth and delivering significant
financial, economic, environmental and ecological benefits.
CNEY's products and services have been widely used by food and
beverage producers, industrial and pharmaceutical manufacturers, as
well as environmental protection enterprises. For more information,
please visit the Company's website at www.cneny.com.
Forward-Looking Statements
Certain statements, other than statements of historical facts,
made in this announcement are forward-looking statements. These
forward-looking statements involve known and unknown risks and
uncertainties, including the further spread of the COVID-19 virus
or new variants thereof, or the occurrence of another wave of cases
and the impact it may have on the Company's operations and the
demand for the Company's products, and are based on current
expectations and projections about future events and financial
trends that the Company believes may affect its financial
conditions, results of operations, business strategy and financial
needs. Investors can identify these forward-looking statements by
words or phrases such as "may," "will," "expect," "anticipate,"
"aim," "estimate," "intend," "plan," "believe," "potential,"
"continue," "is/are likely to" or other similar expressions. The
Company undertakes no obligation to update forward-looking
statements to reflect subsequent occurring events or circumstances,
or changes in its expectations, except as may be required by law.
Although the Company believes that the expectations expressed in
these forward-looking statements are reasonable, it cannot assure
you that such expectations will turn out to be correct, and the
Company cautions investors that actual results may differ
materially from the anticipated results and encourages investors to
refer to its filings with SEC, including without limitation,
Company's registration statements and other filings with the SEC
that set forth certain risks and uncertainties that may have an
impact on future results and directions of the Company.
Investor Relations
Tel:+86-571-87555823
Email: ir@cneny.com
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SOURCE CN Energy Group. Inc.
