Graphjet Technology (Nasdaq: GTI), a Malaysia-headquartered developer of technologies to produce graphite and graphene from agricultural waste, is starting the world’s largest commercial-scale green graphite facility outside China.
The more than 8,300-sq.-metre plant in Kuala Lumpur has the capacity to recycle up to 9,000 tonnes of palm kernel shells annually for as much as 3,000 tonnes of battery-grade graphite per year, Graphjet said on Tuesday. The output can make enough batteries for 40,000 electric vehicles a year.
“With this facility online, Graphjet is now the primary player in green graphite production outside of China,” CEO Aiden Lee said in a news release. “This facility, which is the first green graphite facility to commence operations outside of China, demonstrates our ability to leverage our technology at scale.”
Graphjet said it has has received its first shipment of palm kernel shells, an abundant farming waste in Malaysia. It has begun shipping green graphite product samples to the market.
The company plans to produce hard carbon at the facility to provide feedstock for its planned green graphite facility in Nevada. Tt is aiming to commission and begin production there in 2026.
Graphjet said its technology is expected to have the world’s lowest carbon footprint of any graphite production process.
Shares in Graphjet fell 2.2% on Wednesday in New York to US$3.08 apiece as wider indexes declined. The company has a market capitalization of US$467.5 million.
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