View attachment 2039200EcoGraf (ASX:EGR) successfully trials graphite purification technologyASX:EGR MCAP $16.92M
Jessica De Freitas - Markets Reporter
[email protected]09 March 2020 11:45
Managing Director, Andrew Spinks
Sourced: Business News- EcoGraf (EGR) has successfully trialled its graphite purification technology with outstanding results
- Results have shown the EcoGraf process has increased the carbon purity of the recycled material by over 200 per cent
- It has also achieved a carbon content of over 99 per cent
- EcoGraf's process of the same name recycles lithium-ion battery anode material to support the future global demand for renewable energy
- To do this, it's developing a processing facility in Kwinana subject to funding and regulatory approvals
- Shares in EcoGraf remain flat and are trading for 5.5 cents each
EcoGraf (EGR) has successfully trialled its graphite purification technology with outstanding results.
The trial of the EcoGraf purification process to recycle lithium-ion battery anode material is being conducted in Germany.
Results showed the process increased the carbon purity of the recycled material by over 200 per cent and achieved a carbon content of over 99 per cent.
The anode material consists of natural battery graphite, synthetic graphite and silicon. As graphite comprises nearly 50 per cent of the mass of a standard lithium-ion battery, this trial represents a major step forward in the electric vehicle and battery industry.
The successful results confirm the effectiveness of the EcoGraf purification process for use in a variety of applications and delivering a cost-effective solution for customers in the global market.
EcoGraf is developing a purification processing facility in Kwinana, Western Australia. This will be the first facility of its kind outside of China that will provide a new supply of high quality and cost-effective purified spherical graphite for the lithium-ion battery market.
The processing facility has already received interest from the Australian Government Agency Export Finance Australia to provide a debt funding package of about US$35 million (approx. A$53.1 million).
Eventually, EcoGraf hopes to expand its facility into Europe and North America to support the global transition to renewable energy.
Shares in EcoGraf remain flat and are trading for 5.5 cents each at 11:56 am AEDT.
https://themarketherald.com.au/ecog...-graphite-purification-technology-2020-03-09/
