CN Energy Group. Inc. announced that its wholly-owned subsidiary, Zhejiang CN Energy New Material Co. Ltd. has recently been awarded an official permit to sell its wood-based activated carbon products directly to domestic drinking water markets, after satisfying all increasingly more stringent requirements on safety and environmental protection.

This is a significant milestone for CNEY to expand its business networks, reinforce its competitive strength and enhance its revenue sources. With such a permit, CNEY can now provide high-quality customized products and services under its own brand names to the vast majority of end-users, with remarkable improvements in reliability, sustainability and responsiveness, while avoiding "deadweight losses" caused by multilevel intermediaries. This supply-chain streamlining will not only generate tangible economic and ecologic benefits for general societies but will also deliver more decent returns to its shareholders.

According to the World Bank, accessing to sufficient and safe drinking water is a fundamental social infrastructure and thus requires large-scale investments over decades to secure basic public health and sanitation conditions, especially in populous countries like China and during challenging times of fighting against pandemics and climate change. With rapid urbanization and income growth, the demand for treated drinking water in China has already been gigantic (valued at around USD 70 billion currently per year) and will continue to grow at a fast pace in the foreseeable future. CNEY's activated carbon products, completely made from forest wastes and agricultural residues, can be effectively utilized in a wide spectrum of industrial and residential applications, ranging from soil improvement, sewage treatment, water purification, odor absorption to impurity removal.

They are indispensable in food, beverage, pharmaceutical and chemical industries. It is evident that, with its outstanding R&D capabilities and newly renovated manufacturing facilities, CNEY stands strategically ready to capture these enormous market opportunities in both urban and rural areas and to launch global sales campaigns.