![]() ![]() Arq has developed and patented new and innovative technologies with the potential to revolutionize the performance of carbon-based materials, which also provide a unique solution to reduce the need for the extraction of virgin hydrocarbons. “We are thrilled to join forces with Arq and pursue the exciting opportunity the merger presents to grow our businesses and to expand and enhance our collective operations and product portfolio. ![]() “The announcement of our proposed merger with Arq Limited represents the culmination of our strategic review process and months of diligent work to identify, evaluate and pursue opportunities to increase value for our shareholders,” said Greg Marken, Chief Executive Officer, President and Treasurer of ADES. Attractive financial profile: Combined company projected to generate annual revenue of $196 million and annual EBITDA of $61 million by 2026, with potential to expand growth through additional financed capital raises.The merger also provides for the optimization of the Red River plant to produce additional GAC made from Arq’s feedstock, thereby allowing entrance into growing and diverse markets, as well as improving the plant’s economics. ![]()
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