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- EcoGraf (EGR) has appointed ASX-listed GR Engineering Services (GNG) to engineer its new battery graphite facility in Western Australia
- The new 20,000 tonnes per annum battery graphite facility will use the company’s purification technology to create battery anode material products
- Commencing the engineering works is a significant milestone for EcoGraf
- Notably, the new Western Australian development will be the first battery graphite processing facility to be created outside of China
- On the market this morning, Ecograf is down 2.88 per cent and is trading at 68 cents per share , while GR Engineering Services is trading steady at $1.28 per share
EcoGraf (EGR) has appointed ASX-listed GR Engineering Services (GNG) to engineer its new battery graphite facility in Western Australia.
The new processing facility will use the company’s purification technology to deliver electric vehicle, lithium-ion battery and anode manufactures a source of high-quality and sustainably produced battery anode material products.
An important part of the friendly process is to eliminate the use of toxic
hydrofluoric acid (HF), this means the process will provide customers with “HF-free” battery products.
Commencing the engineering works is a significant milestone for EcoGraf.
Notably, the new Western Australian development will be the first battery graphite processing facility to be created outside of China. EcoGraf is also planning additional facilities in key geographical markets to meet the demand for battery anode material products.
“We are pleased to be partnering with the EcoGraf team to deliver the engineering works for the construction of this new battery graphite processing facility,” GR Engineering’s Managing Director Geoff Jones said.
“This new facility will be important in meeting the growing global demand for high quality battery related products and GR Engineering is excited to be part of this new Western Australian based industry,’ he added.
Recent forecasts have indicated that the battery graphite market is expected to grow by over 30 per cent per year over the next decade as the world moves to electric vehicles and clean, renewable energy.
On the market this morning, Ecograf is down 2.88 per cent and is trading at 68 cents per share at 10:51 am AEDT.
Meanwhile, GR Engineering Services is trading steady at $1.28 per share at 10:52 am AEDT.
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