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EcoGraf (ASX:EGR) - Managing Director Andrew Spinks (centre left) - The Market Herald
Managing Director Andrew Spinks (centre left)
Source: EcoGraf
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  • More MPs have thrown their weight behind EcoGraf's (EGR) Kwinana Battery Anode Materials Facility after it was awarded major project status by the Federal Government earlier this year
  • The newly appointed Minister for Industry, Science and Technology, Christian Porter, said the project will bring significant benefits to Western Australia, including up to 250 new jobs during the construction phase and up to 65 new jobs during the operational phase
  • Meanwhile, Minister for Resources, Water and Northern Australia Keith Pitt said the award shows the significance of the project
  • The newly granted status will allow the company to access extra support through the Major Projects Facilitation Agency
  • EcoGraf is developing the processing facility to produce high-purity spherical graphite
  • On the market, EcoGraf is up 4.07 per cent and is trading at 64 cents per share

More MPs have thrown their weight behind EcoGraf's (EGR) Kwinana Battery Anode Materials Facility after it was awarded major project status by the Federal Government earlier this year.

The company is developing the processing facility to produce high-purity spherical graphite for battery anode manufacturers in Europe, Asia and America.

Notably, the project is expected to be the first graphite processing plant outside of China.

The newly appointed Minister for Industry, Science and Technology, Christian Porter, said the project will bring significant benefits to Western Australia, including up to 250 new jobs during the construction phase and up to 65 new jobs during the operational phase.

"The Australian Government is committed to boosting investment in Australia’s critical minerals industry to help build our sophisticated manufacturing capability and deliver new jobs across the country, and particularly to our regional areas," he said.

"This project will make a high-value contribution to the growth of our critical minerals industry, and open up opportunities for further project developments," he added.

The newly granted status will allow the company to access extra support from the Major Projects Facilitation Agency. This includes being provided with a single entry point for Australian Government approvals, project support and coordination.

Meanwhile, Minister for Resources, Water and Northern Australia Keith Pitt also commented on the approval, saying it shows the significance of the project to Australia.

"EcoGraf is an excellent example of what we want to see more of in Australia – our raw materials being downstream processed right here in Australia, adding value to our exports and creating well paid and sustainable jobs for Australian workers in the process," he explained. 

"The project will also use EcoGraf’s own purification technology that eliminates the use of hydrofluoric acid leading to a cost-effective and environmentally friendly purification process," he concluded.

EcoGraf's Managing Director Andrew Spinks is delighted to receive this support
from the Australian Government.

"Our new Battery Anode Materials Facility forms part of Australia’s plans to expand its critical minerals processing and advanced manufacturing industries
to provide sustainably produced, high-quality products for the global lithium-ion battery and electric vehicle markets," he said.

On the market, EcoGraf is up 4.07 per cent and is trading at 64 cents per share at 10:29 am AEST.

EGR by the numbers
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