- EcoGraf (EGR) has gained major project status approval from the Australian Government for its battery anode material facility in WA
- The company’s facility in WA will manufacture spherical graphite products for export to Asia, Europe and North America using an environmentally responsible purification technology
- The Minister for Industry, Science and Technology’s approval recognises the opportunity for EcoGraf’s work to contribute to the growth of the critical materials industry in Australia
- EcoGraf shares are up 0.83 per cent, trading at 60.5 cents
The Australian Government has approved major project status for EcoGraf’s (EGR) battery anode material facility in WA.
EcoGraf specialises in producing high purity graphite for the lithium-ion battery market. Its new state-of-the-art processing facility in WA will manufacture spherical graphite products for export to Asia, Europe and North America using an environmentally responsible purification technology.
The government’s major project status recognises the importance of this development, which supports the Australian Government’s critical minerals strategy, as well as Western Australia’s future battery industry scheme.
In approving the facility, the Minister for Industry, Science and Technology, Karen Andrews MP, has recognised the opportunity for EcoGraf’s work to contribute to the growth of the critical materials industry in Australia.
She says its planned investment in downstream critical minerals processing has the potential to encourage further project developments.
“We are delighted to receive this support from the Australian Government as our development is positioned as an integral part of the downstream modern manufacturing of battery and critical minerals in Australia,” said EcoGraf’s Managing Director, Andrew Spinks.
“EcoGraf’s development strongly aligns with recent legislative policy changes in Europe that require higher standards of environmental and social governance in battery supply chains. Unprecedented investment is currently underway to establish self-sufficient and sustainable battery manufacturing supply chains to support the electric vehicle industry.”
EcoGraf shares are up 0.83 per cent, trading at 60.5 cents at 10:45 pm AEDT.