Cost reductions expected
It was only at the end of March that Australian graphite company EcoGraf (WKN A2PW0M / ASX EGR) was able to announce the important news that the commissioning of the plant for product qualification of the material (spherical graphite), which is produced using the proprietary, environmentally friendly process also known as EcoGraf, had begun. Managing Director Andrew Spinks’ company can now also report that it has succeeded in significantly improving the quality of this spherical graphite even further.
As EcoGraf announced today, the purification of an unpurified, natural spherical graphite (SPG) has now been improved to 99.99% carbon (“four nines” or 4N). According to the company, this exceeds the standard requirements of customers in the industry of 99.95%.
As the company went on to explain, 4N status was achieved as part of the ongoing tests to optimize the cleaning process. And this means that the total contamination of the SPG produced using the environmentally friendly EcoGraf process is now less than 100ppm. Which should also reduce both capex and opex, EcoGraf continued!
Improvements integrated into product qualification plant
Naturally, these improvements will also be applied in the aforementioned product qualification plant. This is a state-of-the-art facility that will use the company’s proprietary EcoGraf HFfree™ technology to produce high-purity battery anode material without the use of highly toxic hydrofluoric acid for the global battery and EV market.
And of course, these latest improvements will also be included in the independent technical study to benchmark the EcoGraf HFfree™ process against the known graphite cleaning processes. EcoGraf expects this study to be completed shortly.
Summary: 2024 can already now be described as an eventful year for EcoGraf. After signing a letter of intent for the joint recycling of anode material with the German chemicals group BASF in February and the Helmholtz Institute's positive assessment of the performance of the recycled material shortly afterwards, the company announced a 127% increase in graphite resources at its Epanko project in Tanzania in March. So now EcoGraf can also present good news with regard to the product qualification plant and the production process. We hope the company can continue in this vein!
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