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     181  0 Kommentare Graphjet Technology to Build New Agricultural Waste-to-Graphite Production Facility in Nevada

    Facility expected to transform 30,000 metric tons of agriculture waste annually into up to 10,000 metric tons of graphite per year, enough material to power more than 100,000 electric vehicles

    Graphjet aims to commission and begin production at new U.S. facility in 2026

    Graphjet expects to create more than 500 high-skilled labor positions

    New facility to position Graphjet as the leading supplier of graphite in the U.S. market to support the growing electric vehicle battery ecosystem

    KUALA LUMPUR, Malaysia, April 08, 2024 (GLOBE NEWSWIRE) -- Graphjet Technology (“Graphjet” or “the Company”) (Nasdaq:GTI), a leading developer of patented technologies to produce graphite and graphene directly from agricultural waste, today announced it plans to build a commercial artificial graphite production facility in Nevada. This plant is expected to be a first-of-its-kind in the United States.

    The plant is expected to be capable of recycling up to 30,000 metric tons of palm kernel material equivalent – a widely abundant agricultural waste product in Malaysia – to produce up to 10,000 metric tons of battery-grade, artificial graphite per year. This level of production is expected to be able to support the production of enough batteries to power more 100,000 electric vehicles (EVs) per year.

    In addition to producing graphite, Graphjet’s first commercial plant in Malaysia, which is on track to be commissioned in the second quarter of 2024, will process palm kernel shells into hard carbon, which will be shipped to Nevada. This eliminates a conversion step in Graphjet’s production process, which would enable its Nevada facility to produce graphite more quickly. Graphjet is aiming to commission and begin production at the new facility in 2026.

    “As the only pure-play direct agriculture waste-to-graphite technology developer, Graphjet is well positioned to become the leading source of graphite for the U.S. and we are excited to have Nevada serve as our launching pad into this market,” said Aiden Lee, CEO and Co-Founder of Graphjet. “We are laser focused on getting our commercial production online as quickly as possible and are in discussions with several players to secure offtake agreements for our planned Nevada facility. We look forward to investing into the region and creating many local green energy jobs as we build a first-of-its-kind, next-generation graphite production facility in the U.S.”

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    Graphjet Technology to Build New Agricultural Waste-to-Graphite Production Facility in Nevada Facility expected to transform 30,000 metric tons of agriculture waste annually into up to 10,000 metric tons of graphite per year, enough material to power more than 100,000 electric vehicles Graphjet aims to commission and begin production at …