Graphjet Technology Commences Operations at the World’s First Agricultural Waste-to-Graphite Facility in Malaysia
The Company’s first green graphite facility commissioned with production capacity of up to 3,000 metric tons of battery-grade graphite per year, sufficient to power approximately 40,000 EVs annually
Begins shipping green graphite samples to its customer; facility will also provide feedstock for Graphjet’s planned facility in Nevada
Green graphite facility establishes Graphjet as a reliable, sustainable and cost-effective supplier to the EV and semiconductor markets
KUALA LUMPUR, Malaysia, Nov. 19, 2024 (GLOBE NEWSWIRE) — Graphjet Technology (“Graphjet” or “the Company”) (Nasdaq:GTI), a leading manufacturing company focusing on carbon-based materials, producing artificial graphite from biomass waste residues from the process of palm oil, today announced the start of operations at its first commercial-scale green graphite facility located in the Subang District in Malaysia. This facility is the world’s first commercial-scale plant capable of recycling palm kernel shells, a highly abundant agricultural waste byproduct in Malaysia, to produce battery-grade graphite.
The new facility has the capacity to recycle up to 9,000 metric tons of palm kernel shells annually, producing up to 3,000 metric tons of graphite per year. This level of production is sufficient to support battery production for approximately 40,000 electric vehicles (EVs) per year. With a footprint exceeding 91,000 square feet, Graphjet’s facility will support a local workforce of 200 jobs, underscoring the Company’s commitment to job creation and economic growth.
Graphjet has received its first shipment of palm kernel shells and has begun shipping green graphite product samples to its customers. Additionally, the Company plans to produce hard carbon at the facility to provide feedstock for its planned green graphite facility in Nevada.
Aiden Lee, CEO and Co-Founder of Graphjet, said:
The Graphjet team has achieved a monumental step towards the execution of our strategy and vision to become a reliable supplier of green graphite globally,
“With this facility online, Graphjet is now the primary player in green graphite production outside of China, as the Company has the largest production capacity ex-China. This facility, which is the first green graphite facility to commence operations outside of China, demonstrates our ability to leverage our technology at scale, and we are proud to commence commercial operations at the world’s largest green graphite facility of its kind. This facility will provide us with an ability to generate revenue by FY 2025, support our valued customers, and establish a strong foundation for a successful launch in the United States in Nevada.”
Aiden Lee, continued :
The opening of our facility is a clear indicator of the availability of green graphite production outside of China to support automakers and battery manufacturers,
“With Graphjet now officially in commercial production, we are excited to support the transition to clean energy with our environmentally friendly and cost-effective processes and technology.”
Graphjet’s facility utilizes the Company’s patented, sustainable and cost-effective technology to produce green graphite directly from palm kernel shells. This technology reduces the Company’s operational carbon footprint by up to 83% and reduces costs by up to 80% compared to traditional processes. Per kg of graphite produced, Graphjet produces only 2.95 kg C02 emissions, compared to 16.8 kg C02 emissions and 17 kg C02 emissions from natural and synthetic graphite production, respectively, in China. Graphjet’s technology is expected to have the lowest carbon footprint of any graphite production process in the world.
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Graphjet Technology Commences Operations at the World’s First Agricultural Waste-to-Graphite Facility in Malaysia, source
