Highlights

  • Green360 Technologies' MKX product has now been incorporated into 3,500m3 of concrete, equivalent to more than 500 truckloads.
  • MKX has been used across major Melbourne infrastructure projects, including the Suburban Rail Loop, the Eastern Freeway extension, and Melbourne Airport taxiway pavement works.
  • Commercial customers using MKX now include Holcim Australia, the company's first commercial customer, and Eifers.
  • Green360 has access to up to 30,000 tonnes per annum of calcining capacity at Calix Limited's Bacchus Marsh Facility to support MKX supply.

Green360 Technologies Ltd (ASX:GT3) has reported that its low-carbon cement additive, MKX, has now been incorporated into 3,500 cubic metres of concrete across major Melbourne infrastructure projects, a milestone the company says reflects growing commercial traction for the product rather than simply a production Volume figure.

MKX Reaches a Commercial Milestone

The 3,500m3 of concrete containing MKX is equivalent to more than 500 concrete truckloads, delivered across a range of civil works in metropolitan Melbourne. Projects using MKX include the Suburban Rail Loop, the Eastern Freeway extension, and civil works across the wider metropolitan area, along with a scheduled pour for Melbourne Airport taxiway pavement and completed footpath pavement works at Newport. Executive Chairman Aaron Banks said the significance of the milestone “is not simply the volume of concrete poured,” but rather “what those pours tell us about the progression of MKX in the market.”

MKX, short for Metakaolin X, is a calcined clay product that can replace up to 40% of Portland cement in a concrete mix, offering a lower-carbon alternative to conventional cement while performing as a supplementary cementitious material. Green360's commercial customers for MKX now include Holcim Australia, the company's first commercial customer, alongside Eifers, reflecting adoption by established concrete and construction Supply businesses.

Supply Capacity and Production Base

Green360 operates from its Perth head office, with production based at Pittong in regional Victoria. To support its growing commercial volumes, the company has access to up to 30,000 tonnes per annum of calcining capacity at Calix Limited's Bacchus Marsh facility, giving it a pathway to scale MKX supply as Demand from infrastructure and construction customers increases. The company has said its near-term focus remains on increasing commercial volumes through what it describes as a market-creation platform, building the customer relationships and project track record needed to support larger-scale adoption.

Conclusion

Passing 3,500m3 of MKX incorporated into concrete across some of Melbourne's largest current infrastructure projects gives Green360 Technologies (ASX:GT3) a tangible commercial track record to point to as it works toward larger-scale dedicated production capacity. With Holcim Australia and Eifers already using the product and calcining capacity secured at Calix's Bacchus Marsh facility, the company's longer-term ambition of establishing MKX as a large-scale domestic supplementary cementitious material will depend on converting this early commercial momentum into sustained, larger-volume offtake. Investors following Green360 may want to watch for further project wins and any moves toward dedicated production capacity as the next indicators of the company's progress.