Join our daily newsletter At The Bell to receive exclusive market insights
- EcoGraf (EGR) sees its recycled lithium-ion battery anode material achieve 99.98 per cent carbon
- EGR says these results are in line with major lithium-ion battery manufacturer specifications while retaining original physical characteristics
- SungEel says it will now submit the purified product to the South Korean lithium-ion battery manufacturer for battery cell tests
- EcoGraf shares are trading up 0.73 per cent at 69 cents at 12:40 pm AEST
EcoGraf (EGR) sees its recycled lithium-ion battery anode material achieve 99.98 per cent carbon.
EGR says these results are in line with major lithium-ion battery manufacturer specifications while retaining original physical characteristics.
The purified carbon anode material is a high value product, comprising both natural and synthetic graphite, and represents over half the contained raw materials of a lithium-ion battery.
The company said recycling the material provided significant benefits to battery manufacturers, including lowering battery unit costs and a reducing carbon emissions.
South Korea’s largest battery recycler SungEel said it would now submit the purified product to the South Korean lithium-ion battery manufacturer for battery cell tests and evaluation to assess the potential to recycle this material back into the supply chain.
EcoGraf will continue working closely with SungEel to include a tailored EcoGraf recycling process in its proposed new South Korean and European recycling plants.
This is said to support SungEel’s ecofriendly process and provide a total recycling solution for lithium-ion batteries.
EcoGraf shares were trading up 0.73 per cent at 69 cents at 12:40 pm AEST.
