EcoGraf in the Media
EcoGraf (EGR) has signed a non-binding sales deal with thyssenkrupp Materials Trading, a subsidiary of major German tech group thyssenkrupp AG. The 10-year agreement will see EcoGraf sell purified spherical graphite (SpG) battery anode material and by-product (fines) from its planned Kwinana facility in Western Australia.
Graphite company EcoGraf (ASX: EGR) has received confirmation that its high purity graphite has been qualified by two “leading” European industrial customers as meeting their strict physical and chemical specifications.
As graphite comprises almost 50 per cent of a typical lithium-ion battery, “the successful trial represents a major step forward to support electric vehicle and battery manufacturers achieve sustainable, closed-loop manufacturing processes”, the company says. The $20m market cap stock moved 18 per cent higher in morning trade.
EcoGraf (EGR) has successfully trialled its graphite purification technology with outstanding results.
ASX-listed EcoGraf has successfully trialed its proprietary graphite purification technology, recycling lithium-ion battery anode material in Germany.
Electric vehicle and lithium-ion battery manufacturers are moving rapidly to establish recycling opportunities.
A Perth-based company is leading the charge with its new solution to support the budding electric vehicle (EV) industry, with the help of a proprietary technology that purifies a key component used in lithium-ion batteries.
Original Article here:
ASX-listed EcoGraf has successfully trialed its proprietary graphite purification technology, recycling lithium-ion battery anode material in Germany.
Subject to completing a detailed assessment of the 20,000 tonne per annum purification plant at Kwinana, Export Finance Australia will consider the provision of debt finance for the US$72 million development.
Export Finance Australia has confirmed that it will consider supplying a loan to EcoGraf (EGR) for its new US$72 million development.
