Arq, Inc. amends supply agreement with Norit Americas, modifying product mix and volume terms

Arq, Inc.

Amendment changes the mix of furnace products purchased by Norit Americas, including PAC and GAC.
Maximum annual volume increased to 100 million pounds (90 million for 2024) under the agreement.
New monthly ordering procedures and Level Load requirements for products were introduced.
Stranded cost recovery triggered if Buyer purchases less than 95% of Annual Target Volume in a year.
Capital projects to increase GAC capacity to 35 million pounds per contract year upon completion.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Arq, Inc. amended Master Agreement for Supply of Furnace Products with a subsidiary of Norit Americas, Inc. (effective 2024-02-08).

Action: amendment
Agreement: supply
Counterparty: a subsidiary of Norit Americas, Inc.
Effective: 2024-02-08

Exact text from the filing

Arq, Inc. (f/k/a Advanced Emissions Solutions, Inc.), a Delaware corporation (the "Company"), through its wholly-owned subsidiary Arq Solutions (Red River), LLC, entered into an amendment (the “Amendment”) to its Master Agreement for Supply of Furnace Products (the "Agreement") with a subsidiary of Norit Americas, Inc., a Georgia corporation (“Buyer”).

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Source: SEC EDGAR

accession 0001515156-24-000029

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