Graphex Group Announces Alliance with Desatec as Part of Global Expansion Strategy
Graphex Group Limited (HKSE:6128, OTCQX:GRFXY) has announced a partnership with Desatec GMBH to enhance the supply chain for graphite materials in electric vehicle (EV) battery production. This collaboration aims to expand Graphex's market presence globally, particularly in the US, Europe, and Asia. Graphex is already a significant producer of natural spherical graphite, manufacturing over 10,000 metric tons annually, equating to 5% of China's supply. The company plans to increase its production capacity to 40,000 tons per annum within three years and to include synthetic graphite in its offerings by 2022.
- Partnership with Desatec will enhance supply chain efficiency for EV battery materials.
- Graphex plans to increase production capacity from 10,000 to 40,000 tons per annum over three years.
- Expected inclusion of synthetic graphite in offerings in 2022, expanding product range.
- None.
A rising leader in graphene manufacturing for EV battery application is partnering with a global leader in industrial and chemical supply to leverage well-established international supply chains to support and accelerate Graphex’s expansion efforts and market reach to support worldwide EV proliferation
ROYAL OAK, Mich., Jan. 14, 2022 (GLOBE NEWSWIRE) -- Graphex Group Limited (‘Graphex’ or the ‘Company’) (HKSE:6128)(OTCQX:GRFXY), a world leader in graphite, graphene technologies and products used in electric vehicle (EV) battery and energy storage production, has entered into an agreement with the German company Desatec GMBH (‘Desatec’), an associate member of the TESUCO Group of Companies and a leading supplier of certain industrial materials with a customer base that extends from Europe, North and South America to Asia. Under this agreement, Graphex and Desatec will jointly promote the processing and sale of graphite materials used in the production of battery anodes for electric vehicles (EVs) and to offer services utilizing Graphex’s technologies to downstream users to establish local manufacturing capabilities for graphite anode materials.
“We’re proud to work with an experienced partner in Desatec,” said John DeMaio, CEO of Graphex Technologies LLC, the U.S. subsidiary of Graphex Group. “With Desatec’s over 50 years of successful experience, this alliance will be an important catalyst to the continued success of Graphex. Their well-established supply chain stretches across the globe, and we look forward to leveraging our shared connections and expertise.”
Desatec has operated globally since 1969 and has well-established international supply chains that will support and accelerate Graphex’s imminent expansion efforts and market reach.
“Desatec and Graphex are a natural fit,” said Allan Caspi, Project Director of Desatec Graphite Division. “Our expertise in international supply chains as well as manufacturing, when paired with Graphex’s role in the EV battery market are a recipe for success. This synergistic partnership will help both companies to continue to expand.”
“Our investment into environmentally friendly alternatives continues,” said Oliver Gennies, Managing Director of Desatec GMBH. “Now with the quickly expanding market for electric vehicle battery materials and grid energy storage solutions, reliable raw materials availability and supply chain have become more critical than ever. Our agreement with Graphex will assist us to support our clients better as we jointly enter a new era of growth for the mobility and energy storage sectors overall.”
Graphex has previously announced its formation of its US subsidiary, Graphex Technologies, LLC to establish a US-based sales and marketing presence that includes the formation of strategic alliances regarding the supply of spherical natural graphite, synthetic graphite and graphene-related products to EV battery manufacturers and automakers in North America.
The anode of a typical EV battery for a sedan-size automobile requires approximately 70kg of battery anode material (BAM) – a combination of natural and synthetic graphite. Through 2021, Graphex has manufactured and sold over 10,000 metric tons per annum of natural spherical graphite primarily to automakers and battery manufacturers in mainland China. This represents about
Over the next three years, Graphex plans to increase its production capacity to over 40,000 tons per annum in China. In addition, in 2022 Graphex expects to include synthetic graphite in its BAM offering and plans to expand its operations geographically to include North America and Europe.
“The projected exponential increase in EV production over the next year and decade has already created strain on the supply chains of key component materials, including the graphite required for battery anodes,” said DeMaio. “By offering the full spectrum of battery anode materials coupled with our plans to co-locate production facilities in-country near the battery manufacturers and automakers in the US, Europe and other regions, we can deliver a long-term stable supply of quality components that are integral to the EV ecosystem.”
About Graphex Group
Graphex Group Limited has its principal offices and administers its office in Hong Kong and is focused on the development of technologies and products for the enhancement of renewable energy, particularly the enrichment of spherical graphite and graphene, key components for EV batteries, lithium-ion batteries and other use cases. With our current manufacturing facility in Heilongjiang Province, we are strategically located near one of the world’s largest supply of high-quality natural flake graphite mines for our raw material. Graphex Group is currently among the top suppliers of specialized spherical graphite to the EV and renewable energy industries. Graphex holds 23 patents in areas including products, production methods, machinery design and environmental protection.
About Desatec GmbH
Desatec was founded in Hamburg, Germany in 1969 and is an associate member of the TESUCO Group of Companies. Desatec’s roots were established within the Automotive Parts Supply market with strong relations having been maintained with the Automotive OEM producers and supply chain.
Desatec has continued to grow and is now one of the dominant suppliers in the Sodium methylate solution and powder markets and is an important supplier and sales partner particularly to the biodiesel industry. Desatec currently supplies both Sodium methylate solution and Sodium methylate powder to numerous customers in various industries and is well-established in the biodiesel industry as a reliable supplier of SMO/NM30.
Desatec’s worldwide customer base extends throughout Europe, Africa, Asia, and the Middle East.
Safe Harbor Statement
This press release is being made pursuant to, and in accordance with, Rule 135 under the Securities Act of 1933, as amended (the 'Securities Act'), and shall not constitute an offer to sell, or the solicitation of an offer to buy, any securities. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act.
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