EcoGraf Riding EV Wave with Substantial Recycling Opportunity, Stock Up 95% in 5 days

  • Sep 16, 2020 AEST
  • Team Kalkine
EcoGraf Riding EV Wave with Substantial Recycling Opportunity, Stock Up 95% in 5 days

Summary

  • Government initiatives favour Electric Vehicle push. High quality and economical battery precursors required for long range, high energy density battery packs in future
  • Pursuing the opportunity to recover, recycle and reuse anode materials, EcoGrafTM purification process registers up to 100% Carbon recycle rates
  • EcoGraf nearing commercialisation of Spherical Graphite products from Kwinana facility 

An unprecedented wave in favour of electric vehicles and clean energy has unfolded especially after the coronavirus pandemic disrupted the global mobility in more ways than a few. A paradigm shift in the transport technology and renewable energy cannot be ruled out in future.

An innovative, Ecofriendly and Cost-Efficient Graphite Player with Innovative Recycling Options

An eco-friendly and sustainable battery quality Anode material producer and supplier, EcoGraf Limited (ASX:EGR) is progressing to commercialise the high purity spherical graphite product for Lithium ion batteries for the burgeoning EV and battery industry. With strong technical expertise and innovative approach, EcoGraf plans to vertically integrate the business producing high purity graphite for the battery industry.

Read Here: EcoGraf Limited: Targeting Production of High-Purity Graphite Via Eco-Friendly Process

World Class Kwinana Battery Graphite Facility: One of its Kind outside China

EcoGraf plans to develop the state-of-the-art Kwinana processing plant, the first of its kind outside China to produce high purity and cost-efficient spherical graphite amenable to battery specifications in Western Australia.

The Kwinana processing plant is anticipated to initially produce 5,000 tonnes a year within a year of the final investment decision and later ramp up the capacity to 20,000 tonnes a year. The plant capacity bodes well with EcoGraf’s vision to become a key commercial anode material supplier in the battery ecosystem.

The Spherical graphite plant will manufacture battery precursors using a modern, environmentally responsible purification technology to supply cost efficient and high-performance battery anode graphite.

EcoGrafTM Purification Process Results in 100% Carbon Recovery

As per the latest World Bank Group report on the Minerals for Climate Action, the Battery anode material is forecast to account for 54% of the future demand for energy applications, an opportunity which by far remains untapped as of now.

Furthermore, a major transformation in the battery industry, with the support of Europe Union’s regulatory directives under which the Battery manufacturers including third party firms will be responsible for collecting, treating, and recycling the waste batteries. Bloomberg anticipates this market segment to grow to US$18 billion value by 2030.

EcoGraf’s recycling strategy Source: EcoGraf

EcoGraf’s recycling strategy Source: EcoGraf

EcoGraf is also involved in the economic recycling of graphite high purity battery anode material from lithium-ion batteries using EcoGrafTM proprietary purification process to further improve the lifecycle efficiency of the battery. Recently, EcoGraf announced the results for customer recycling program, highlighting recycling up to 100% Carbon using EcoGrafTM purification process on the anode scraps. EcoGraf’s proprietary technology enables the efficient recovery of anode material at cost-effective prices.

Must Read: Emerging battery technologies in the era of electric mobility

EcoGraf’s Tanzanian arm, TanzGraphite expects to establish a long life and highly profitable natural flake graphite business at the Epanko Graphite Project which will supply additional feed for the production of spherical graphite while also serving the long term customers for usages in lubricants, refractories among major industrial streams.

EcoGraf shares Skyrocket on ASX

In a matter of 5 trading sessions, shares of EcoGraf on ASX have appreciated by 95%. On 15 September 2020, EcoGraf closed at $0.210 a share, up 68%, with a market capitalisation of $72 million. On 16 September 2020, the EGR cooled down and closed at $0.160 a share.

All financial information pertains to Australian dollar unless stated otherwise.

 

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