Media Watch - NVX related, page-14772

https://www.phillips66.com/newsroom/specialty-coke-path-toward-cleaner-tomorrow/

September 30, 2024

Meeting the Growing Battery Demand

When it comes to lithium-ion battery production, Phillips 66 has a business advantage. Humber is the only facility that produces specialty coke in Europe, and with that asset and Lake Charles, Phillips 66 is well positioned to be a leading supplier of battery anode precursor materials on both sides of the Atlantic Ocean.

The U.S. battery market is growing. The International Energy Agency predicts that by 2030, almost one in five cars sold in the United States will be electric. Government incentives like the Inflation Reduction Act are encouraging U.S. companies to develop battery production capabilities.

“High-quality graphite anodes are instrumental in developing EV batteries that provide greater driving range, faster charging and enhanced longevity,” said Scott Brombosz, Technical Director of Phillips 66’s Emerging Energy organization and a former battery scientist.