Arq, Inc. (NASDAQ: ARQ) (the “Company” or “Arq”), a producer of activated carbon and other environmentally efficient carbon products, today announced the publication of its 2024 Sustainability Report. This comprehensive report demonstrates Arq’s continued leadership in environmental technology while achieving strong financial performance and advancing environmental, social, and governance (ESG) excellence across all operations.
“Our 2024 Sustainability Report showcases a transformational year for Arq, where we successfully delivered exceptional financial results while staying true to our core mission of enabling a cleaner and safer planet,” said Bob Rasmus, CEO of Arq. “With approximately $109 million in revenue during 2024 and consecutive quarters of positive adjusted EBITDA growth, we demonstrated that environmental stewardship and business excellence go hand in hand. In 2025, as we advance toward full nameplate granular activated carbon (GAC) production, we remain committed to transparency, innovation, and sustainable value creation for all stakeholders.”
Key 2024 ESG and sustainability highlights include:
Environmental Leadership:
- Neared mechanical completion and commenced initial equipment commissioning at the Company’s Red River facility, positioning Arq to address critical PFAS contamination challenges
- Continued coal waste transformation at Corbin facility, turning environmental liabilities into beneficial products
- Energy efficiency leadership with Red River facility generating surplus electricity for the grid
- North America’s only vertically integrated activated carbon supply chain, reducing carbon footprint through domestic production
Social Responsibility and People Excellence:
- Industry-leading safety performance maintained across all facilities with zero fatalities
- 202 dedicated employees across four facilities
- Comprehensive wellness and professional development programs supporting employee growth
- Expanded community engagement with volunteer initiatives and educational partnerships
Governance and Transparency:
- Enhanced Board oversight of ESG initiatives through Nominating and Governance Committee
- Comprehensive ethics training with 100% employee completion rates
- Stakeholder engagement growth including institutional investor base expansion
- Regulatory leadership with proactive U.S. Environmental Protection Agency (EPA) collaboration on PFAS regulations
Innovation and Technology Leadership
- Over 140 granted patents and patent applications in activated carbon and adjacent technologies
- World-class R&D capabilities with comprehensive product testing across 100+ potential applications
- Technical thought leadership through industry conference participation and white paper publications
- Quality excellence with 6,000+ automation points and 30+ quality tests per product batch
Strategic Market Position and Outlook
The 2024 Sustainability Report emphasizes Arq’s unique positioning to capitalize on significant market opportunities driven by environmental regulations. The EPA’s 2024 adoption of new PFAS drinking water standards, requiring reduction from prior guidance of 70 parts per trillion to 4 parts per trillion by the end of the decade, has created substantial demand for GAC solutions. Arq projects a potential 370 million pound supply gap by 2030, positioning the Company for sustained growth.
“Our diversified customer base across municipal water treatment, industrial air purification, and renewable natural gas applications validates our strategic approach,” added Mr. Rasmus. “The strong early contracting for our GAC production, even before commercial production began in 2025, demonstrates the critical need for our environmental solutions.”
Commitment to Transparency and Continuous Improvement
Arq’s 2024 Sustainability Report reflects the Company’s commitment to transparency and stakeholder engagement. The 2024 Sustainability Report provides detailed performance metrics, progress updates, and forward-looking commitments across environmental, social, and governance dimensions.
“ESG excellence is integral to our identity as an environmental technology company,” said Mr. Rasmus. “Every product we manufacture and every decision we make is guided by our commitment to enabling a cleaner and safer planet while creating sustainable value for our employees, customers, communities, and shareholders.”
The full 2024 ESG Report is available for download at Arq’s Sustainability Page.
