CN Energy Group (CNEY) has Upgraded its 6G Gasification Reactors

CN Energy Group. Inc. (NASDAQ: CNEY) today announced that its 6th-generation gasification reactors (FLS-VI) have been formally and smoothly put into full operation at its Tahe Factory, after completing all acceptance checks on design requirements and passing all tests on safety, efficiency and reliability. This is a crucial achievement of CNEY's own R&D team that started in May 2020 to revamp and optimize its 5th-generation gasification reactors (FLS-V). The first prototype of FLS-VI was built and installed in September 2021. This was followed by continuous on-site efforts on debugging shortcomings and enhancing performance, which lasted for 14 months of trial operations. In 2023, applications of FLS-VI gasification reactors are expected to be replicated on a large scale within CNEY's production lines.

Through such technological innovations and engineering progressions, CNEY has attained multifaceted improvements and consequently reinforced its competitive strength in the market. First, the daily outputs of carbonized materials per gasification reactor have increased by five times, from 4 tons for FLS-V to 20 tons for FLS-VI. Second, reactor automation has been ameliorated and streamlined so that the total number of workers needed to produce the same targeted level of outputs can be reduced by nearly two-thirds. Third, the entire production process has become more resource-conserving and environmentally friendly. Electricity and water inputs needed to produce each ton of activated carbon have been reduced by 1.5% and by 3%. Finally, the overall conversion rate from feedstocks to final products has also been boosted, with tangible quality enrichments.

CNEY's CEO, Dr. Kangbin Zheng, said: "We have been constantly striving to achieve engineering excellence, through developing our own intellectual property rights and forging better ways to serve our clients and to protect our environment. With a new generation of innovative and effective gasification reactors, we can produce refined products with higher quality and lower costs. This will create win-win solutions for all stakeholders, including our end users and shareholders."

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