ExxonMobil acquiring key assets and technology of Superior Graphite to complement our planned entry into the battery anode graphite market
- We’re acquiring key assets and technology of Superior Graphite to complement our planned entry into the battery anode graphite market.
- Synthetic graphite powers electric vehicles (EV) and battery energy storage systems (BESS).
- This move boosts scale, American jobs and economic growth.
We’re expanding into the advanced synthetic graphite business, and we’re doing it with a name that’s been in the game for over a century.
On September 8th, ExxonMobil entered into an agreement to acquire the technology and U.S.-based assets of Superior Graphite, along with select international offices. Superior Graphite is a leader in the graphite industry with more than 100 years of experience in graphite and materials production.
This move marks a major milestone in our strategy to build a robust, synthetic graphite supply chain—right here in the U.S.
Why synthetic graphite?
Synthetic graphite is a game-changer.
Compared to traditional mining operations, it’s less labor-intensive, more consistent in quality, and can be made with our carbon-rich feedstocks from existing refining streams. What does that mean in plain English? That we can scale faster and smarter, all while producing a better graphite than what is available in the market today.
Powering the future
Synthetic graphite can play a critical role in the energy transition. It’s a key component in electric vehicles and battery energy stationary storage solutions. Specifically, it is used in the anode of the battery and plays a big role in total battery performance. We anticipate the demand for higher performance batteries will continue to grow, therefore also increasing demand for higher performance graphite materials.
This isn’t a step in; it’s a full-scale launch with power and purpose. When our product enters the market, we expect it will deliver faster charging and longer life than existing graphite materials today.
What they bring, what we bring
Superior Graphite brings deep industry know-how, valuable intellectual property and a proven process that’s expected to be:
- Less energy-intensive
- More land-efficient
- Higher throughput
We bring the scale, the technology and the operational expertise to take it to the next level.
Together, we’re building a graphite business that supports American industry, energy security, and the critical mineral supply chain the U.S. needs to lead the energy future.
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ExxonMobil acquiring key assets and technology of Superior Graphite to complement our planned entry into the battery anode graphite market, source
