Toll Treatment Agreement Signed to Produce Eco-Clay

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Stock CALIX Ltd (CXL.ASX)
Release Time 23 Mar 2026, 9:32 a.m.
Price Sensitive Yes
 Calix to Toll Treat Green360's Eco-Clay for Commercial Production
Key Points
  • Binding Toll Treatment Agreement signed with Calix to manufacture up to 30,000 tonnes p.a. of Eco-Clay
  • Provides Green360 a capital-light pathway to establish commercial supply of low-carbon cement replacement
  • Eco-Clay to be produced at Calix's Bacchus Marsh facility and delivered into established concrete supply chain
Full Summary

Green360 Technologies has entered into a Binding Toll Treatment Agreement with environmental technology company Calix Limited to commercially manufacture Eco-Clay (high reactivity metakaolin) for supply into the Australian concrete market. Under the Agreement, up to 30,000 tonnes per annum of capacity is made available to Green360 to produce Eco-Clay at Calix's Bacchus Marsh facility. This provides Green360 a capital-light pathway to establish itself as Australia's first commercial supplier of metakaolin for use in low-carbon cement, with sales expected to commence in the first half of 2026. Green360 has already demonstrated its ability to successfully manufacture and deliver commercial quantities of Eco-Clay to a major concrete producer, and this Agreement enables the company to rapidly scale production to meet growing demand. Eco-Clay is a sought-after partial replacement for traditional Portland cement in concrete mixes, improving strength and durability while reducing carbon emissions. The Agreement is the final step in commercialising Eco-Clay, with Green360 now able to enter into commercial sales transactions without the need for significant capital expenditure on a dedicated calcination facility.

Guidance

Green360 expects to commence first commercial sales of Eco-Clay into the Melbourne concrete market in the first half of 2026, subject to generating sufficient demand.

Outlook

Green360 intends to construct and operate a calciner at its Pittong operations to support future scale-up of Eco-Clay production, subject to the generation of sufficient demand.