Arq Business Summary

Arq, Inc. (ARQ) is a vertically integrated environmental technology company that generates revenue through the manufacture and sale of consumable carbon-based solutions for air, water, and soil purification. The company operates primarily through its Advanced Purification Technologies segment, which provides Powdered Activated Carbon (PAC) and Granular Activated Carbon (GAC) used to capture contaminants like mercury and PFAS in coal-fired power plants and municipal water systems. Arq distinguishes itself as the only North American provider with a fully integrated supply chain, utilizing a proprietary process to convert bituminous coal waste into high-value carbon feedstocks. In the competitive landscape, Arq contends with diversified chemical and environmental firms such as AdvanSix (ASIX), Valhi (VHI), Luxfer (LXFR), and Orion (OEC), positioning itself as a specialized, technology-driven player focused on the high-growth water remediation and emissions control markets. The company is led by Chief Executive Officer Robert (Bob) Rasmus, a veteran industrial executive who oversaw the 2023 transformational merger between Advanced Emissions Solutions and Arq Limited. The executive team includes Chief Financial Officer Jay Voncannon, a 35-year finance veteran appointed in April 2025, Chief Technology Officer Joe Wong, and Chief Operating Officer Jeremy “Deke” Williamson. The Arq platform was originally founded by Julian McIntyre, who remains a significant shareholder and an independent director on the board. Governance is overseen by Board Chair Richard Campbell-Breeden, with notable institutional backing from investors such as AIGH Capital Management, BlackRock, and Vanguard, reflecting a transition from legacy industrial operations toward a high-margin environmental technology profile.