CBp carbon signs carbon supply contract with Triputra

ERJ staff report (DS)

Bratislava, Slovakia -- CBp Carbon Industries, Inc. said it has signed a 20 year sale agreement with Triputra Group of Indonesia, owned by Mr. Teddy P Rachmat. Under the terms of the agreement Triputra will take all deliveries up to 200,000 tonnes/year of CBp Carbon Green at a discounted price for the first ten years. Thereafter, Triputra will take up to 500,000 tonnes per year at market discount.

Triputra claims to be the world's largest producer and supplier of raw NR to the tyre industry.

CBp has a pyrolysis system which claims to make a product described as carbon green -- or the carbon char. CBp claims this material is equivalent to carbon black in grades N500 to N774.

CBp's first generation phase III commercial production facility, located in Limasol, Cyprus, is completing final equipment installation. The plant is slated to be fully completed and tuned during the next 60 days and commence commercial production for its designed capacity of 10,000 tonnes per year (approximately 1 million tyres). All of the cost of the plant has been paid by Company capital such that the plant and Company are debt free.

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Press release from CBp Carbon