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    Carbonxt Group (ASX:CG1) makes prepayment to expedite development of Kentucky facility

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    Carbonxt Group (ASX:CG1) will make a $500,000 prepayment to advance the development of an activated carbon production facility in Kentucky.

    The United States-focussed Cleantech company says the funds will be used to purchase items with longer procurement times, a key part of maintaining operational commencement of the facility.

    The prepayment is the first instalment of Carbonxt's contribution to its JV with US-based partner Kentucky Carbon Processing.

    Shares of Carbonxt Group closed up 27% today. 

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