CN Energy Group. Inc. announced the completion of a new manufacturing facility by its wholly-owned subsidiary, Zhejiang CN Energy New Materials Co. Ltd. The new facility is expected to add 2,600 square meters of production capacity when brought online after receipt of necessary environment and safety permits in April 2022.

The completion of the plant marks the Company's formal entry into the water-wading charcoal market, which is expected to significantly increase its product diversity, opportunities for market share, revenue and profit growth. The new manufacturing facility is equipped with equipment for the processing, production and packaging of activated carbon. The new factory is located in Zhejiang Province, facing the Yangtze River Delta and the Pearl River Delta, and adjacent to Fujian Province.

It is a strategically important location for the operations of the Company's sales and warehousing network across the Yangtze River Delta and the Pearl River Delta region. The porous solid surface of activated carbon is used to efficiently adsorb and remove toxic substances commonly found in water, thereby purifying it. Activated carbon is widely used across the entire water supply chain and in industrial water applications, including chemical, water and power plants, industrial wastewater treatment facilities, and paper and printing mills, among others.