market volume good off the back of latest Ann today,, big three months ahead ill say it again 8 mil cap just read company Ann and make your own decisions .
A S X A N N OU N C E M EN T 7 July 2021 CFOAM Limited | ABN 46 611 576 777 Level 1, 33 Ord Street, West Perth WA 6005 PH : 61 8 9420 9300 www.CFOAM.com PAGE 1 Companies Announcement Office ASX Limited Level 6, 20 Bridge Street Sydney NSW 2000 CFOAM - R&D PARTNERSHIPS - DEVELOPING CARBON PRODUCTS from COAL - Partnerships with research bodies - Potential new markets to address construction demand - CFOAM a key raw material product provider CFOAM Limited, CFOAM Corp (74.34% owned by CFOAM Limited, 25.66% owned by CONSOL Energy Inc) and its operating entity CFOAM LLC, Triadelphia, West Virginia, (CFOAM) wish to provide the following update. CFOAM is working with other companies as a raw material provider and/or R&D participant by way of cost share or project development work. These exciting projects are at an early stage and have the potential to create new markets and opportunities, however, at this stage, the quantity of CFOAM being provided does not have a material impact on the business. OHIO UNIVERSITY Ohio University has received US$500,000 of funding from the United States Department of Energy’s (DOE) – NETL. CFOAM is contributing US$20,000 cost share to Ohio University’s project Coal-Derived Alternatives to Fiber-Cementitious (FC) Building Materials, where they plan to develop coal-based siding materials for residential and commercial building cladding applications. Siding materials are a critical component for both residential and commercial buildings, as they protect the building structure from the elements (sun, rain, snow, wind), while deterring dirt, moisture and insects. Three primary types of siding are currently used: vinyl (made of polyvinyl chloride), FC, and stucco. Vinyl and FC siding products dominate the US market, with 2.6 and 2.1 billion square feet, respectively, installed in 2018 1 . However, vinyl siding is losing market share to FC products due to consumer desire for a more robust and appealing product. Currently, the FC siding market is valued at $13.2 billion and is expected to reach $20.3 billion by the end of 2025 2 . Coal-derived carbon foam could be a more environmentally friendly alternative to vinyl or cement-based material options.
CFO Price at posting:
1.4¢ Sentiment: Buy Disclosure: Held
(20min delay)