Strong news flow for First Graphene
The positive news for First Graphene has been flowing
thick and fast over the past week with that having a positive
impact on the share price.
Firstly, FGR reported excellent progress with graphene in
cement for reduction of carbon emissions. Working with
Breedon Cement Limited, (the largest cement producer in
the United Kingdom), the Company has achieved a 10%
improvement in compressive strength, correlating to a 15%
reduction in carbon emissions, at the first industrial scale
program. The Phase 1 trials involved utilising 600kgs of
graphene to produce several thousand tonnes of cement.
Phase 2 trials will seek to optimise dosage rates and
methodologies. While it is taking its time to go through the
qualification phase, the size of the prize is enormous. The
rest of the cement world is watching these results very
closely and will likely move to adopt graphene once the first
company commits to a commercial arrangement. So far all
of the information flow has been positive, elevating
expectations of success on a large scale.
Secondly, FGR has signed an exclusive distribution
agreement in Europe with Keyser and Mackay, giving the
Company the availability of approximately 30 individual
technical salespeople to cover that market.
Keyser and
Mackay had been sourcing graphene from an alternative
supplier, but unreliability of supply/quality and overall
technical support has led them to FGR. Notably, this is
happening repeatedly in the sector. For all the promotion,
companies that are wanting to use graphene are finding
that it is difficult to find good supplies of high-quality
product. That is where FGR steps in. Rather than
promoting products with graphene in them, FGR has
instead been building a B2B capability and is building a
reputation for quality, reliability and scale production. The
arrangement with Keyser and Mackay will greatly improve
FGR’s footprint in Europe.
Thirdly, FGR has been gently advancing the Kainos
Hydrodynamic Cavitation Technology that enables
petroleum feedstock to be converted to hydrogen and to
battery input materials such as battery grade graphite and
graphene. This offers oil companies the opportunity to
participate in the clean energy revolution rather than just
being mere observers. Given the Middle Eastern
dominance of the oil sector, the MoU with the UAE-based
company, EMDAD, makes great sense. It will accelerate
the development of a pilot-scale reactor as the next step in
the development of the Kainos technology.
http://www.fareastcapital.com.au/imagesDB/newsletter/WeeklyC…