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Calix Limited (ASX:CXL)

ALERT: Price-sensitive ASX Announcement for CXL
Current share price for CXL : $0.340 -0.225 (-39.82%)+
Announcement
Release
23 Mar 2026 9:32AM
Price at Release
$0.565
Full Release
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Summary
Green360 Technologies Limited has entered into a Binding Toll Treatment Agreement with Calix Limited to produce Eco-Clay, a low-carbon cement replacement. This agreement allows Green360 to produce up to 30,000 tonnes annually at Calix’s facility, facilitating entry into the Australian market as the first commercial supplier of metakaolin for low-carbon cement. Eco-Clay is a high-reactivity calcined kaolinite that reduces carbon emissions by replacing a significant portion of Portland cement in concrete. The agreement, which is renewable, offers a capital-light market entry path, enabling Green360 to meet the increasing demand for sustainable construction materials.
Key Points
  • Green360 Technologies has signed a Binding Toll Treatment Agreement with Calix Limited to commercially produce Eco-Clay.
  • The agreement provides Green360 with a capital-light pathway to become Australia’s first commercial supplier of metakaolin for low-carbon cement.
  • Up to 30,000 tonnes per annum of capacity is available for Green360 to produce Eco-Clay using Calix’s facility.
  • This agreement allows Green360 to scale production to meet the growing demand for low-carbon construction materials.
  • Eco-Clay is a high-reactivity calcined kaolinite that can replace up to 40% of Portland cement in concrete, reducing carbon emissions.
  • The production process for Eco-Clay involves calcining kaolin by-products at a lower temperature than traditional cement, thus providing a lower-carbon solution.
  • The agreement is for a two-year term with an option to extend, and it is non-exclusive with a cost-plus margin fee structure.
  • Green360 is in discussions with concrete manufacturers and aims to conclude its first commercial agreement for Eco-Clay supply to the Melbourne market soon.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.