LISHUI, China, Nov. 10, 2021 /PRNewswire/ -- CN Energy Group. Inc. (the "Company"), a China-based manufacturer and supplier of wood-based activated carbon and a producer of biomass electricity, today announced plans to expand into the multi-billion dollar water purification market. The global water purification market is projected to grow from $29.12 billion in 2021 to $47.53 billion in 2028 at a CAGR of 7.2% in the forecast period, 2021 to 2028. (Source: Fortune Business Insights) As part of the Company's business strategy, it has established a new subsidiary to focus on this new market opportunity in order to participate in this expanding market. The new subsidiary, Zhejiang CN Energy New Material Co., Ltd. ("Zhejiang CN Energy"), is located in the Economic and Technological Development