Green360 Technologies has secured a binding agreement to supply Eifers Civil with up to 4,800 tonnes of its MKX calcined clay over 12 months. The deal could generate about A$1.2 million if the full volume is ordered and delivered, taking maximum supply under disclosed agreements to 9,600 tonnes.
- Up to 4,800 tonnes supplied at A$250 per tonne delivered
- Approximately A$1.2 million potential revenue at full volume
- Eifers becomes Green360’s second disclosed commercial MKX customer
- Holcim and Eifers agreements represent 32% of the 30,000-tonne annual market creation target
- More than 3,500 cubic metres of MKX-containing concrete has been placed
Eifers agreement lifts disclosed MKX supply pipeline
Green360 Technologies Limited (ASX:GT3) has added a second commercial customer for its MKX calcined clay product, signing Eifers Civil to take up to 4,800 tonnes over an initial 12-month period at A$250 per tonne delivered. Combined with the company’s Holcim supply agreement, the maximum volume under disclosed agreements reaches 9,600 tonnes, equivalent to 32% of Green360’s 30,000-tonne-per-year market creation target.
That headline volume comes with an important qualification: the Eifers contract is for supply of up to 4,800 tonnes, rather than a disclosed minimum purchase obligation. Green360 estimates approximately A$1.2 million in revenue over the initial term only if Eifers takes the full quantity, with actual sales dependent on orders and deliveries.
MKX has moved from trials into infrastructure use
The agreement follows Eifers’ use of MKX in major infrastructure applications, including completed airport taxiway pavement pours. Green360 says more than 3,500 cubic metres of concrete containing MKX has now been placed across Melbourne projects, building on the 3,500 cubic metre milestone previously reported by the company. Eifers has also used the material in Level Crossing Removal Projects and is progressing trials in its Ecofil lightweight cellular concrete range.
Executive chairman Aaron Banks said the Eifers agreement was “an important step in establishing repeat demand for a locally produced alternative to traditional SCMs” (ASX:GT3). Eifers managing director Dan Eifermann said the company had demonstrated MKX’s potential in demanding infrastructure applications, while positioning the product as part of its lower-carbon concrete offering.
Calix capacity supports market creation before scale-up
Green360 is using kaolin from its Pittong operations, calcined at Calix’s Bacchus Marsh facility, to access up to 30,000 tonnes a year of nearby third-party processing capacity. The company’s stated strategy is to establish customer demand, specifications, logistics and real-world applications before investing in dedicated MKX production facilities. A scoping study on those facilities is expected this quarter, according to the announcement.
The commercial opportunity rests partly on Green360’s view that Australian supplies of traditional supplementary cementitious materials, including fly ash and blast furnace slag, face increasing structural constraints. That may improve the addressable market for MKX, but the next evidence will come from delivered tonnes, repeat orders and whether the company can convert early infrastructure use into sustained volume without committing prematurely to larger production capacity.
Bottom Line?
The contract strengthens MKX’s commercial proof point, but the investment case still hinges on actual take-up, repeat orders and the economics of dedicated production.
Questions in the middle?
- How much of the Eifers volume will be ordered and delivered during the initial 12 months?
- Will the Holcim and Eifers relationships convert into recurring supply beyond their first contract terms?
- What will Green360’s scoping study disclose about the cost, timing and scale of dedicated MKX production?