Indian company contracts to buy output from Cyprus Carbon plant

ERJ staff report (DS)

Houston, Texas -- Hunt Global Resources Inc. said it has signed a five year contract under which S.R.I Impex Pvt. LTD of Mumbai, India will buy 75 percent of the production of Hunt's Carbon Green production facility, in the Nation of Cyprus. Carbon Green (CG6) is a made from recycled tyres and is claimed to be a direct substitute for carbon black (N660).

George Sharp, CEO of Hunt Global commented “This is Hunt's first major move into India to provide our... replacement for oil based carbon black. Joint product testing with S.R.I served to further substantiate the proven value of our Carbon Green product, as a sustainable replacement to carbon black."

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Press release from Hunt Global resources