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These ASX battery companies are well-placed to meet stricter...

  1. srock117
    83 Posts.
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    04/02/21
    02:39
    Post #: 50690872
    These ASX battery companies are well-placed to meet stricter European regulationsFebruary 2, 2021 | Mike Cooper

    GM has pledged to end production of carbon emitting vehicles by 2035Ecograf’s share price takes off as company confirms successful results for battery anode recycling processEuropean Union tightens regulatory environment for battery recycling

    Shares in battery company have soared as it reached a milestone in its recycling process that recovers graphite anode material for re-use in lithium-ion batteries for EVs.

    The company achieved ‘outstanding’ results of 99.95 per cent carbon purity in testing for its proprietary recycling process that recovers carbon anode material from battery production waste.

    EcoGraf said its recycling strategy is supported by European Union law changes which insist on manufacturers eliminating more waste in their battery production process.

    The European Union has raised its targets for battery waste recovery to 65 per cent by 2025, and to a level of 70 per cent by 2030.

    “The stricter regulations demonstrate Europe’s intention to improve sustainability across the lithium-ion battery life cycle and encourage EV and battery manufacturers to contribute towards a climate neutral economy through greater battery recycling,” said the company.

    Meanwhile, in an important development for the EV sector, US carmaker General Motors has announced its plans to .

    GM’s sudden shift comes only days after the inauguration of President Joe Biden who has pledged to boost sales of EVs, including purchases by the US government.

    “General Motors is joining governments and companies around the globe working to establish a safer, greener and better world,” said GM chairman and chief executive, Mary Barra.

    EcoGraf pursuing graphite project in Africa and spherical graphite products plant in WA

    An EV’s battery represents more than 40 per cent of an electric vehicle’s total carbon emissions over its product lifespan.

    Eliminating waste in the battery production process can therefore contribute to a reduction in battery costs and carbon emissions.

    EcoGraf is moving ahead with its pilot recycling plant for carbon anode material and is working with several EV companies and battery manufacturers on the project.

    The company’s proprietary recycling process for lithium-ion batteries does not use any hydrofluoric acid.

    In addition to its recycling project, EcoGraf is building a state-of-the-art facility in WA to manufacture spherical graphite products for export markets in Asia, America and Europe.

    EcoGraf is developing its TanzGraphite natural flake graphite business in Tanzania for which sales agreements have been negotiated with Germany’s ThyssenKrupp and Japan’s Sojitz.

    The Epanko graphite project is located 370km west of Dar es Salaam in Tanzania and has a production capacity of 60,000 tonnes per year over an 18-year mine life.


    EcoGrafEcoGraf’s graphite project in the East African country of Tanzania already has several international customers. Image: company supplied
    EGR Price at posting: 48.0¢ Sentiment: Buy Disclosure: Held
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