Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Australia
  4. Australian Stock Exchange
  5. Calix Limited
  6. News
  7. Summary
    CXL   AU0000017840

CALIX LIMITED

(CXL)
  Report
End-of-day quote. End-of-day quote Australian Stock Exchange - 10/19
5.26 AUD   +0.19%
10/18INSIDER SELL : Calix
MT
10/18CALIX : Unveils Carrier-Class Wi-Fi 6E GigaSpire BLAST Systems
MT
10/06Calix Limited Announces Release of LEILAC-1 Project Report
CI
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Calix : Australia's Calix snares backing for carbon capture technology

09/14/2021 | 10:10pm EDT

MELBOURNE (Reuters) - Australia's Calix Ltd has lined up an investor to buy a stake in its carbon capture technology unit, valuing the business at A$350 million ($256 million), it said on Wednesday.

Calix's shares rocketed 20% to a record high after the company said Carbon Direct, a New York-based investor, had invested 15 million euros ($18 million) for a 7% stake in Calix's LEILAC Group to back the scaling-up of its technology.

LEILAC, which stands for Low Emissions Intensity Lime and Cement, is focused on commercialising Calix's patented kiln which captures carbon dioxide (CO2) from limestone in the production of lime and cement.

The International Energy Agency and the UN's climate panel have said carbon capture is essential to curb global warming. Cement manufacturing accounts for 8% of global carbon emissions, producing more than 4 billion tonnes of CO2 a year, two-thirds of which comes from heating limestone to produce lime and cement.

Calix CEO Phil Hodgson said capturing emissions was a huge business opportunity given the royalties LEILAC could earn as a percentage of carbon prices. In the European Union, the carbon price currently averages around 55 euros per tonne.

"As the world puts emissions trading schemes in place ... it does start to look like a multibillion dollar addressable market," Hodgson told Reuters.

Carbon Direct backed LEILAC after Calix completed a two-year pilot test of its kiln at a Heidelberg Cement plant in Belgium in June. Based on the success of that test, Heidelberg Cement and the EU have agreed to fund a scaled-up trial at one of the company's plants in Germany.

"We are very impressed by the technical and commercial rigor of the LEILAC team, and plant partners are outspoken in their excitement about LEILAC," Carbon Direct CEO Jonathan Goldberg said in a joint statement with Calix.

Calix aims to complete construction to retrofit Heidelberg's plant for the larger trial in late 2023 or 2024.

($1 = 1.3674 Australian dollars)

($1 = 0.8475 euros)

(Reporting by Sonali Paul; Editing by Edwina Gibbs)

By Sonali Paul


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
CALIX LIMITED 0.19% 5.26 End-of-day quote.389.30%
HEIDELBERGCEMENT AG 3.01% 64.38 Delayed Quote.2.09%
All news about CALIX LIMITED
10/18INSIDER SELL : Calix
MT
10/18CALIX : Unveils Carrier-Class Wi-Fi 6E GigaSpire BLAST Systems
MT
10/06Calix Limited Announces Release of LEILAC-1 Project Report
CI
10/05INSIDER SELL : Calix
MT
09/20CALIX LIMITED(ASX : CXL) added to S&P Global BMI Index
CI
09/15CALIX : Carbon Direct invests EUR 15M ($A24.5M) for 7% stake in Calix's LEILAC business
AQ
09/14CALIX : Australia's Calix snares backing for carbon capture technology
RE
08/23CALIX : Widens After-Tax Net Loss in FY21
MT
08/23Calix Limited Reports Earnings Results for the Full Year Ended June 30, 2021
CI
07/26CALIX : Q2 Results Top Estimates, Sets Q3 Guidance -- Stock Up 1% After-Hours
MT
More news
Financials
Sales 2022 24,7 M 18,5 M 18,5 M
Net income 2022 -6,25 M -4,68 M -4,68 M
Net cash 2022 35,2 M 26,3 M 26,3 M
P/E ratio 2022 421x
Yield 2022 -
Capitalization 845 M 632 M 632 M
EV / Sales 2022 32,8x
EV / Sales 2023 25,2x
Nbr of Employees -
Free-Float 74,0%
Chart CALIX LIMITED
Duration : Period :
Calix Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends CALIX LIMITED
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 3
Last Close Price 5,26 AUD
Average target price 6,92 AUD
Spread / Average Target 31,5%
EPS Revisions
Managers and Directors
Philip Hargraves Hodgson Chief Executive Officer, Director & MD
Darren Charles Chief Financial Officer & Secretary
Peter John Turnbull Independent Non-Executive Chairman
Mark Sceats Executive Director & Chief Scientist
Adam Vincent General Manager-Research & Development
Sector and Competitors