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EcoGraf unveils Lithium-ion battery recycling success, propelling future plans

ASX News, Materials
ASX:EGR      MCAP $34.96M
27 February 2024 11:17 (AEDT)

EGR

Battery manufactures, EcoGraf (ASX: EGR) has released results from a research collaboration with the Helmholtz Institute in Germany.

The research using EcoGraf’s HFfreeTM technology reportedly catalysed successful production of purified graphite particles from end-of-life lithium-ion batteries.

EcoGraf plans to blend this recycled graphite with Tanzanian graphite for “sustainable” anode manufacturing.

The recycled graphite is reported to have demonstrated electrochemical performance comparable with new commercial anode graphite, meeting industry requirements.

EcoGraf’s purification process’s effectiveness was further validated through collaboration with BASF on anode recycling.

The company is set to commission the world’s first HFfree battery anode material qualification facility in Western Australia, supported by a $2.9 million grant from the Commonwealth Government.

Whether this allocation is truly enough for this project – at not even A$3M – remains to be seen.

This recycling capability, EcoGraf posits, could position it to transform the battery supply chain, align with EU Commission requirements and contribute to a more sustainable and cost-effective global battery industry.

EGR last traded at 14.8 cents, at 10am AEDT.

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