Grafjet Technology (“Graphjet” or the “Company”), a leading developer of patented technologies to produce graphite and graphene directly from agricultural waste, today announced plans to build a commercial engineered graphite production facility in Nevada. Announced. The plant will be the company’s first facility in the United States.
The plant is expected to be able to recycle up to 30,000 tonnes of palm nuclear equivalent, a widely abundant agricultural waste in Malaysia, to produce up to 10,000 tonnes of battery-grade synthetic graphite per year. Masu. This production level is expected to support the production of enough batteries to power more than 100,000 electric vehicles (EVs) per year.
In addition to producing graphite, Grafjet’s first commercial plant in Malaysia is on track to become operational in Q2 2024 and will process palm kernel shells into hard carbon, which will be shipped to Nevada. . This eliminates the conversion step in Graphjet’s manufacturing process, allowing it to produce graphite more quickly at its Nevada facility. Grafjet aims to commission and begin production at the new facility in 2026.
“As the only pure-play technology developer to produce graphite directly from agricultural waste, Grafjet is well-positioned to become a major source of graphite in the United States, with Nevada serving as a springboard into this market. I’m excited to do it.” Aiden Lee, CEO and co-founder of GraphJet, said: “We are committed to bringing commercial production online as quickly as possible and are in discussions with several companies to secure offtake contracts for our planned Nevada facility. We look forward to investing in the region and creating many local green energy jobs as we build our production facility.”
Nevada is a strategic location for GraphJet due to its proximity to a large number of battery manufacturers and automotive OEMs that require large amounts of graphite for future EV battery production. Grafjet’s Nevada manufacturing facility is expected to create more than 500 highly skilled worker positions. Additionally, Grafjet plans to invest between $150 million and $200 million in this facility and is currently evaluating financing and strategic options to fund the plant.
Mr. Lee continued: “As major automotive OEMs and battery manufacturers seek cost-effective and greener procurement and production, Grafjet supports their graphite needs and provides sustainable, sustainable solutions to meet the accelerating demand for this strategic material. We can offer you a cost-effective solution; by the way, Graphjet’s technology only produces 2.95 C0.2 Emissions per kg of graphite (compared to 17 C0)2 The emissions per KG of artificial graphite in China is 9.2. C02 Emissions per KG of natural graphite in Canada. ”
Source: https://www.graphjettech.com/
