Company: CNEY
Filing Date: 2025-10-29
Form Type: F-1/A
Source: 0001477932-25-007791
Chunk: 109

Company: CN ENERGY GROUP. INC.
Filing Date: 2025-10-29
Form: F-1/A
Chunk 109
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7 |     |                |                                6,185 |     |         |  8,788,069 |     |                |  22.0 |
| Customized-Quality (in tons)  |     |                |                                5,776 |     |         |  7,046,661 |     |                |  13.8 |     |                |                                3,810 |     |         |  4,603,655 |     |                |   8.0 |     |                |                                3,083 |     |         |  4,646,218 |     |                |  11.7 |
| Total (in tons)               |     |                |                               43,989 |     |         | 50,146,527 |     |                |       |     |                |                               40,251 |     |         | 57,879,320 |     |                |       |     |                |                               28,911 |     |         | 39,925,693 |     |                |       |
| Air filter carbon (in pieces) |     |                |                              109,188 |     |         |    811,447 |     |                |   1.6 |     |                |                                    - |     |         |          - |     |                |     - |     |                |                                    - |     |         |          - |     |                |     - |
| Total                         |     |                |                                      |     | $       | 50,957,974 |     |                | 100.0 |     |                |                                      |     | $       | 57,879,320 |     |                | 100.0 |     |                |                                      |     | $       | 39,925,693 |     |                | 100.0 |

Feedstock

The primary restriction on production and growth in the activated carbon industry is the availability and pricing of feedstock, which is the raw material used to produce activated carbon. A wide range of feedstock may be used to produce activated carbon, including:

| · | coal, such as lignite, brown coal, bituminous coal, and anthracite coal;                                                                                                                     |
| · | forestry residues and little fuelwood, generated by operations such as thinning of plantations, clearing for logging roads, extracting stem-wood for pulp and timber, and natural attr