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Calix (CXL) $3.88

A slightly different tact today with the introduction of a new company that is at the cutting edge of developing  environmentally friendly, industrial solutions that in essence allow for more environmentally friendly production of important things like cement. The technology is fairly complex however in short, the Calix Flash Calciner is a kiln that uses indirect heat which allows renewable sources of energy to be used, while the structure allows the capture of CO2 emissions. The end product remains very similar, while there are a number of new products where the technology is being tested. The most advanced testing has been done on cement and lime production with a partnership with Adbri (ABC) creating the world’s first zero carbon lime calciner. This is a $600m company that is holding an investor day tomorrow – a good opportunity to introduce the company to MM readers today while I’ll also look to do a deep dive into the stock with our analysts at a later date.

More broadly, ESG is becoming a very important topic for investors, I was taken aback on the Fortescue Metals (FMG) conference call this week when Andrew Forrest described FMG as a renewables company that mines Iron Ore  – a huge change in rhetoric and speaks to how important this is now becoming

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Calix (CXL)
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