Close The Loop (ASX:CLG) announced a promising market update, indicating a robust start to the financial year 2024.

The company’s Revenue and EBITDA have been tracking well for the initial two months of the financial cycle.

The new Tonerplas line in Victoria is projected to be completed by the end of this year, bolstering the company’s production capacity.

Close The Loop (ASX:CLG) is confident in reaching its guidance of A$43M EBITDA over the remaining course of the financial year.

In response to heightened demand for its asphalt binder additive, the firm foresees expansion with new plants across the country.

Revenue generation from the new Tonerplas line in Victoria is expected to start early in 2024.

Close The Loop (ASX:CLG) is a company focused on providing sustainable solutions for the resource management industry.

It specializes in formulating strategies and technologies aimed at waste reduction and resource recovery.