Total
0
Shares
EcoGraf’s proposed processing facility. Source: Ecograf
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • EcoGraf (EGR) signs a non-binding memorandum of understanding (MoU) with POSCO International
  • Under the agreement, the parties will support POSCO’s anode production expansion plans through the supply of EcoGraf’s HFfree battery anode material products
  • EcoGraf and POSCO will also evaluate other opportunities for cooperation on product development and battery anode recycling
  • The company says it will conduct a global product development program to maximise the economic and sustainability advantages of the EcoGraf purification process
  • EcoGraf soared 31.3 per cent, trading at 84 cents at 1:50 pm AEDT

EcoGraf (EGR) has signed a non-binding memorandum of understanding (MoU) with POSCO International.

Under the agreement, the parties will work together to support POSCO’s anode production expansion plans through the supply of EcoGraf’s HFfree battery anode material products.

These will come from the company’s new Australian battery anode material facility, as well as its planned facility in Europe.

The company’s facility in WA is the first of its type globally and is set to export sustainably produced battery anode material products to anode, lithium-ion battery and electric vehicle markets in Asia, Europe and North America.

EcoGraf and POSCO will also evaluate other opportunities for co-operation on product development, battery anode recycling and the development of EcoGraf’s battery anode material business.

Meanwhile, as part of developing the new facility with a zero-waste operating philosophy, EcoGraf said it will conduct a global product development program to maximise the economic and sustainability advantages of the EcoGraf purification process.

The initial focus of these programs is the production of low emission recarburisers for the steel industry, ultra-fine battery conductivity enhancers and high purity fines for lubrication, thermal efficiency and fire-resistant applications.

EcoGraf soared 31.3 per cent, trading at 84 cents per share at 1:50 pm AEDT.

EGR by the numbers
More From The Market Herald
icetana Limited, ICE - CEO, Matthew Macfarlane

" icetana Limited (ASX:ICE) signs Memorandum of Understanding with Threat Protect (ASX:TPS)

icetana Limited (ICE) has signed a memorandum of understanding with Threat Protect Australia (TPS).
Pan Asia Metals (ASX:PAM) - Managing Director, Paul Lock

" Pan Asia Metals (ASX:PAM) announces latest drilling results from Reung Kiet lithium project, Thailand

Pan Asia Metals (PAM) has released lithium drill results for four holes from its Reung Kiet project in southern Thailand.
APM (ASX:APM) - CEO, Michael Anghie

" APM Human Services (ASX:APM) expands, acquiring Lifecare

APM Human Services International (APM) has acquired physiotherapy and home care group Lifecare for $68 million.

" Celamin (ASX:CNL) secures commitments to raise $3.2m

Celamin Holdings (CNL) has secured binding commitments to raise $3.2 million at 7.5 cents per share. The company will issue up to 42.6...