Business
American Resources Corporation’s American Carbon Commissions the McCoy Elkhorn Processing Plant For Both Internal and Third Party Carbon Processing
McCoy Elkhorn's processing plant is a state-of-the-art carbon complex with cumulative production capacity of 1,300 tons per hour, full logistics and extensive
About this update from American Resources Corporation
[{"type":"text","content":"McCoy Elkhorn's processing plant is a state-of-the-art carbon complex with cumulative production capacity of 1,300 tons per hour, full logistics and extensive refuse storage impoundmentsOperating the internal processing and logistics facilities provides significant opportunity to expand processing revenue and expand margins from internal productionFISHERS, IN / ACCESSWIRE / March 6, 2023 / American Resources Corporation's (NASDAQ:AREC) (\"American Resources\" or the \"Company\"), American Carbon subsidiary, a leading producer of high quality metallurgical and specialty carbon, announced that it has commissioned its McCoy Elkhorn processing facilities in Pike County, Kentucky for internal processing, third party processing, and carbon loading businesses, thereby enabling additional growth opportunities and enhanced margins from existing production.Tarlis Thompson, President of American Carbon Corporation commented, \"We are excited to be in an advantageous position to commence operation at our McCoy Elkhorn processing and loading facilities, which are state-of-the-art facilities located in the heart of the metallurgical coal region of eastern Kentucky. Due to the strong commitment from our team to get these facilities back operating, we are pleased to have the recommissioning of these plants ahead of schedule and under budget. Given the market opportunity and our planned expansion from the McCoy complex, we have been working on the restart of our internal processing capacity at this location. Reopening this complex enables us to expand our production capabilities and take advantage of attractive specialty carbon contracts that are available in the market, while also buying and processing third party carbon for additional revenue growth. I am thankful for the hard work the men and women on our team have put forth to make this happen in this strong carbon market\".The McCoy Elkhorn processing complex in Pike County, Kentucky has two onsite, state-of-the-art processing facilities (one 500 ton per hour and one 800 ton per hour), a unit train rail loadout on the CSX railway and two extensive refuse impoundments that have significant life and storage capacity. The McCoy Elkhorn complex is in the heart of the Company's existing and potential reserve base, containing both currently operating mines and several permitted mines that can be ...