Kim. Thanks,
to Before long-term on performance. related sheet, expand I'd moving a balance take moment those position cash remarks, Kim's like our including and to on, to
momentum to are our team to I want across our proud is taking we we and holistic that how our of are leadership make quarter long-term clear approach a fourth While results incentivized. and sure business,
short-term of have the decision have this action, in quarter incentive myself cash, approximately other been to members executive team, we of including which out the payments. such, made not the leadership As any $X that paid would saved With year. pay and reduce to was first in compensation million
to alignment ensure and to drive will our decisions value. team make continue enable the to long-term We stakeholder necessary
just X. a and after highlight spend I'd acquisition, reflects X we to gears year rebrand, corporate Slide Arq like bituminous declining technology to from completed like with in achieved an and our business, reverse This transformational to from which February. important company's or our was moving Switching producing primarily moment carbon company the to primarily a products serving Forever industries reduce manufacturing or activated liabilities environmental environmental Chemicals. even which coal waste evolution PFAS milestone
providing We faster-growing are markets. solutions focused on differentiated for
our is The we're strategic step our ongoing transformation. the in in first GAC investments making expansion just
much aligns now positioned a our new brand corporate we place, that ambitions and to better the with brand execute in are With vision. corporate our have and on identity
strategic the full quarter X. Slide start and the of with very GAC to We ahead Turning XXXX. active continued our expansion, fourth into these were steam have efforts during
The earlier, with our regards both focused reach and Corbin the projects. continued noted intend pace quarter than focus As in the fourth first in to just our exposure. water growing North and Prices construction are as in agreement when we regulations attractive geographic and at engaged during quarter, this and in on it River on track is the Red segment. EU and at to evidences America. LSR commissioning and The remain market expanding are much we our expand Europe U.S. in quarter for signed comes higher as product to timing and into the
growth creates a attractive for us. market significant In is This and growing highly addition, demand environment supply. exceeds opportunity far which
amendment amendment another focus provides agreement. benefits Arq existing announced efficiencies. yet we example relentless operational the Recently, to The and profitability successful is of on Nord our improving of material and our
Moving continue to throughout Slide highlights XXXX. X. and start busy This to will the a year
operational identified and in working are We of to important engage with advance have discussions. products. large milestones, GAC and adopters previously we number which actively a the already lead Beyond our continue prequalify to referenced, I sales-related
those of ahead continue our to next sales convert have completion contracting level remain either and fourth discussions negotiations. to to pound feedback quarter XX and or our discussions have the expect advance of from discussions, continued our ahead million first out We in our ability contract confident received excellent expansion contracts our we to of We production. testing to
We updates have with timely you will continue them. to provide as we
of our PAC business GAC we XX, segments As will our turn you Slide X market to and across see portfolio. main
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We rate to position we and a drive strong and of first be fundamentals market strong products have a further. as our result facilities team able to these expect
to over I a PAC proven to term. We be have contributor, cash its contribute our excited ability creation that long and am about can the growth and value
and to We Turning most more market, carbon North our in advanced are unique now business. This America benefiting existing our trying to to returns supply tailwinds. growing opportunity plant we carbon granular materially believe a leverage evolving new provides chance the from deliver attractive assets and into activated and resources. a sustainable have attractive activated and
will business investment, XXXX business Our GAC growth differentiate in Arq excited as a and beyond. we're investments making I'm and and further the about
It existing products, By material versus using are conventional which differentiated offer we coal solution combining virgin to benefits are supply customers as key waste, feedstock, produced processing chain. technology now our By by Turning important GAC mining our with teams, coal. differentiators. sales integrated XX. bituminous enjoy and highly Arq's and to Slide fully facility a our reiterate for R&D coal in recycling to state-of-the-art is environmental a able we vertically waste typically
driving to even But our industry We're playing financial in just it's qualitative that continue unique business drives more greater and will and to committed our believe significant differences to sustainability customers. part we our advantages. this also our see, become important in not
risk. our using own by GAC waste our feedstock reduce supply product, we First,
sourcing coal. competitive of versus more the mined Second, from we benefit approach incumbent
freight, to the as Third, electrical at we be finally, such potential including costs. Red our River plant. import to factors duty a costs, our grid negative avoid lower we ability tariff operating net and And variable provider
or for of important customers GAC serve contamination our and we continues It's us as Forever here near PFAS we term. domestic As the business the expect that dangers which our and and are long Chemicals tailwinds XX, awareness growing move focused we critical is attention related over on just not PFAS and to this Public global while advance. to topic. highlight of regulation growing, to Slide
to drive changes as greater solutions. our demand for We society how expect a these and we structural products live even will
to XX. time increase. believe Moving is a the when significantly expected significantly market remains We demand at to GAC Slide undersupplied
within weeks communities. EPA proposals, proposals significantly which as our if Should provide to an These of pounds includes proposed for formal become solutions. million for the according to an expected market are Xx and To out regulations, these Xx February, permissible their few it annual to context, in could serve PFAS highlighted products major in the reduce presence to granular coming of XXX in the fleshed demand initial water even a the current be for currently ago update, greater of ambition catalyst currently our approximate alone the above activated were regulations scope which generate increase enacted the XX% demand the Just amounts this carbon provided PFAS a would a municipal nearly weeks products in EPA. usage. in reduction
And do fully the well we GAC this as to the European product will also our this a to XX providing the of that and but over deliver extends follow LSR only Crucially, can benchmark, customers integrated market as which responsible apply above than EU company geographies, million our so, performs we as opportunity. similar long derived existing need our relates and dynamic believe better Hence, these supply is we to a will We're even from U.S. product, our not environmentally It's chain. expansion enthusiasm with amplifying pound many term. is a excited not just it global expect value approaches can space them. the notably facilities, about opportunity tighten, stricter course. a other physical our their to rules clear
are, like this enhance as in XXXX think we and objectives are I'd XX, I to we strategic believe we the must to continue business where what key very as for mind compelling on we opportunity. keep summarize Slide So what objectives conclude I
First, taken the legacy that we our business. improve PAC aim actions to of have fundamentally probability
and While continue operations financial evident constantly profitability. results, look the to we'll much and is our optimize completed in now for of work already portfolio ways to and our enhance is the
My Red are year our strong to by contracts our driven on and customer this securing macro GAC at contracts differentiated of for River. offerings confidence we continues ahead development grow relationships, focused later completion tailwinds. Second, securing strategic our around
our feedstock as fourth, to will our end continue second the of River followed on on development production, and excited facility. Red by we executing drive I plans by of differentiated very a our date, efficiently the and for team towards advantage achieved focused we of the deliveries construction River initial am to GAC expected commissioning serve And commissioning ahead. at remain Corbin what quarter XXXX. has Red with and the shortly Third, year by end genuinely facility which first proud of I'm our for
With the to over back operator move to Q&A. will to that, turn I our call us
