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EcoGraf (ASX:EGR) confirms recycled graphite performance in German research program

ASX News, Materials
ASX:EGR      MCAP $68.10M
14 June 2022 11:07 (AEST)

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EcoGraf (EGR) received confirmation that the electrochemical performance of its EcoGraf HFfree processing technology recovered graphite comparable to that of the brand-new commercial anode graphite.

The government-funded research program was undertaken in Germany through a collaboration between the Helmholtz Institute Freiberg for Resource Technology and the Helmholtz Institute Ulm.

The results further validate the effectiveness of the EcoGraf HFfree purification process to produce high performance battery graphite, as well as the reuse of recycled battery anode material for anode, battery and electric vehicle customers.

Further, the company believes the recycling capability will “fundamentally change the dynamics of the battery supply chain,” leading to a significant reduction in carbon dioxide emissions and lowering overall battery production costs.

This is said to uniquely position the company to support EU Commission requirements for lithium-ion battery recycling and will assist the global battery industry to optimise its supply chain and transition to closed-loop manufacturing efficiencies.

These findings were presented by Anna Vanderbruggen at the Advanced Automotive Battery Conference (AABC Europe) on June 13.

The conference is a leading forum for battery technologists from major automotive OEMs and their key suppliers to explore development trends and breakthrough technologies shaping the future of vehicle electrification.

Ms Vanderbruggen is an acknowledged expert in anode recycling and is working with the company to optimise its HFfree purification technology for recycling a range of lithium-ion battery anode materials.

Shares in EcoGraf were trading 12.7 per cent in the red at 34.5 cents as of 10:55 am AEST.

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