CN Energy Establishes its U.S. Headquarters to Expand Its Biochar and Wood-based Activated Carbon Businesses in Global Markets

LISHUI, China, Jan. 23, 2023 /PRNewswire/ -- CN Energy Group. Inc. (NASDAQ:CNEY) ("CNEY" or the "Company") today announced that it had established its United States headquarters in Washington D.C. to accelerate its biochar and wood-based activated carbon businesses in North and South America. As a concrete step toward implementing its globalization strategy, CNEY will collaborate with partners in the United States, Canada, Brazil, and Mexico to establish a marketing network to facilitate specific client needs. It will also seek opportunities to localize production processes to minimize long-distance transportation costs and avoid potential impediments in cross-border supply chains. Furthermore, CNEY expects to build partnerships with leading research institutions to reinforce its research and development efforts.