# Carbonxt and KCP finalize JV for activated carbon plant in Kentucky

Carbonxt and Kentucky Carbon Processing (KCP) finalized a legally binding joint venture agreement called 'NewCarbon' to build an activated carbon production facility in Kentucky, USA. Carbonxt will contribute $10 million over two years, and KCP will contribute Inez Power assets for an initial capacity of over 10,000 tons.

- Type: New facility
- Announced: 2023-05-31
- Where: Kentucky, United States
- Value: $10.0M
- Status: announced
- Capacity: over 10,000 tons per year
- Products: activated carbon
- Sectors: [Water Treatment Equipment](https://endata.com/sectors/water-treatment-equipment.md), [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [carboNXT GmbH](https://endata.com/companies/48625.md) (partner)
- [Kentucky Carbon Processing](https://endata.com/companies/70570.md) (partner)

## Sources

- [kalkinemedia.com](https://kalkinemedia.com/au/news/featured-news/carbonxt-asx-cg1-confirms-jv-agreement-with-kcp-for-kentucky-activated-carbon-plant), 2023-05-31: "Carbonxt will contribute US$10 million under the agreement over the next two years."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.