Graphjet Technology Commences Operations at the World’s First Agricultural Waste-to-Graphite Facility in Malaysia
Graphjet Technology (Nasdaq:GTI) has launched operations at the world's first agricultural waste-to-graphite facility in Malaysia. The facility can produce up to 3,000 metric tons of battery-grade graphite annually from palm kernel shells, enough to support battery production for 40,000 EVs. The 91,000-square-foot facility will employ 200 workers and can recycle 9,000 metric tons of palm kernel shells yearly. The company has begun shipping green graphite samples to customers and plans to produce hard carbon for its planned Nevada facility. The technology reduces operational carbon footprint by 83% and costs by 80% compared to traditional processes, producing only 2.95 kg CO2 emissions per kg of graphite.
Graphjet Technology (Nasdaq:GTI) ha avviato le operazioni nella prima struttura al mondo per la produzione di grafite da rifiuti agricoli in Malaysia. L'impianto è in grado di produrre fino a 3.000 tonnellate metriche di grafite di grado batteria all'anno a partire dai gusci di semi di palma, sufficiente per supportare la produzione di batterie per 40.000 veicoli elettrici. La struttura di 91.000 piedi quadrati impiegherà 200 lavoratori e può riciclare 9.000 tonnellate metriche di gusci di semi di palma all'anno. L'azienda ha iniziato a spedire campioni di grafite verde ai clienti e prevede di produrre carbonio duro per il suo impianto pianificato in Nevada. Questa tecnologia riduce l'impronta di carbonio operativa del 83% e i costi dell'80% rispetto ai processi tradizionali, producendo solo 2,95 kg di emissioni di CO2 per kg di grafite.
Graphjet Technology (Nasdaq:GTI) ha puesto en marcha operaciones en la primera instalación del mundo que convierte desechos agrícolas en grafito en Malasia. La instalación puede producir hasta 3,000 toneladas métricas de grafito de calidad para baterías anualmente a partir de cáscaras de nuez de palma, suficiente para apoyar la producción de baterías para 40,000 vehículos eléctricos. La instalación, que ocupa 91,000 pies cuadrados, empleará a 200 trabajadores y podrá reciclar 9,000 toneladas métricas de cáscaras de nuez de palma al año. La empresa ha comenzado a enviar muestras de grafito verde a los clientes y planea producir carbono duro para su instalación proyectada en Nevada. La tecnología reduce la huella de carbono operativa en un 83% y los costos en un 80% en comparación con los procesos tradicionales, produciendo solo 2.95 kg de emisiones de CO2 por kg de grafito.
그래프젯 기술 (Nasdaq:GTI)는 말레이시아에 세계 최초의 농업 폐기물에서 그래파이트로 전환하는 시설을 가동했습니다. 이 시설은 팜 커널 껍질에서 연간 최대 3,000 미터톤의 배터리 등급 그래파이트를 생산할 수 있어 40,000 대의 전기차 배터리 생산을 지원할 수 있습니다. 91,000 평방피트 규모의 시설은 200명의 근로자를 고용하고 연간 9,000 미터톤의 팜 커널 껍질을 재활용할 수 있습니다. 회사는 고객에게 친환경 그래파이트 샘플을 배송하기 시작했으며, 네바다에 계획된 시설을 위한 경질 탄소를 생산할 계획입니다. 이 기술은 전통적인 공정에 비해 운영 탄소 발자국을 83% 줄이고 비용을 80% 절감하며, 그래파이트 1kg당 2.95kg의 CO2 배출만을 발생시킵니다.
Graphjet Technology (Nasdaq:GTI) a lancé les opérations de la première installation au monde de conversion de déchets agricoles en graphite en Malaisie. L'installation peut produire jusqu'à 3 000 tonnes métriques de graphite de qualité batterie par an à partir de coques de noyaux de palme, suffisant pour soutenir la production de batteries pour 40 000 véhicules électriques. La structure de 91 000 pieds carrés emploiera 200 travailleurs et pourra recycler 9 000 tonnes métriques de coques de noyaux de palme chaque année. L'entreprise a commencé à expédier des échantillons de graphite vert à ses clients et prévoit de produire du carbone dur pour son installation prévue au Nevada. La technologie réduit l'empreinte carbone opérationnelle de 83 % et les coûts de 80 % par rapport aux processus traditionnels, ne produisant que 2,95 kg d'émissions de CO2 par kg de graphite.
Graphjet Technology (Nasdaq:GTI) hat die Betrieb an der weltweit ersten Anlage zur Umwandlung von Agrarabfällen in Grafit in Malaysia aufgenommen. Die Anlage kann jährlich bis zu 3.000 metrische Tonnen batteriefähiges Grafit aus Palmkernelementen produzieren, was ausreicht, um die Batterieproduktion für 40.000 Elektrofahrzeuge zu unterstützen. Die 91.000 Quadratfuß große Anlage wird 200 Mitarbeiter beschäftigen und kann jährlich 9.000 metrische Tonnen Palmkernelemente recyceln. Das Unternehmen hat begonnen, grüne Grafitproben an Kunden zu versenden, und plant, harten Kohlenstoff für seine geplante Anlage in Nevada zu produzieren. Die Technologie reduziert den betrieblichen CO2-Fußabdruck um 83 % und die Kosten um 80 % im Vergleich zu herkömmlichen Verfahren und erzeugt nur 2,95 kg CO2-Emissionen pro kg Grafit.
- First commercial-scale green graphite facility outside China with largest ex-China production capacity
- Production capacity of 3,000 metric tons annually, sufficient for 40,000 EVs
- 83% reduction in carbon footprint and 80% cost reduction compared to traditional processes
- Revenue generation expected by FY 2025
- Creation of 200 local jobs
- Revenue generation not immediate, delayed until FY 2025
- Facility currently only shipping samples, not in full commercial production
Insights
This groundbreaking facility represents a significant technological leap in sustainable graphite production. The 3,000 metric ton annual capacity using agricultural waste is remarkable, with production costs
The facility's scale and efficiency metrics are impressive - processing 9,000 metric tons of palm kernel shells annually while supporting 200 local jobs. Being the largest ex-China green graphite producer gives GTI significant market positioning, especially as global supply chains seek diversification. The planned Nevada expansion indicates strong scalability potential for the technology.
The timing of this facility's launch is strategically significant for the EV market. With capacity to supply batteries for 40,000 EVs annually, Graphjet addresses a critical supply chain bottleneck. The company's positioning as the primary non-Chinese green graphite producer is particularly valuable amid growing demand for localized supply chains and environmentally sustainable materials.
The cost advantages and superior environmental metrics make this technology highly attractive to EV manufacturers under pressure to reduce their carbon footprint and production costs. The commencement of sample shipments to customers indicates strong market interest, while the planned Nevada facility suggests potential for significant U.S. market penetration, aligning with IRA requirements for domestic battery material sourcing.
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.
“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,” said Aiden Lee, CEO and Co-Founder of Graphjet. “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.”
“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,” continued Aiden Lee. “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
About Graphjet Technology Sdn. Bhd.
Graphjet Technology Sdn. Bhd. (Nasdaq: GTI) was founded in 2019 in Malaysia as an innovative graphene and graphite producer. Graphjet Technology has the world’s first patented technology to recycle palm kernel shells generated in the production of palm seed oil to produce single layer graphene and artificial graphite. Graphjet’s sustainable production methods utilizing palm kernel shells, a waste agricultural product that is common in Malaysia, will set a new shift in graphite and graphene supply chain of the world. For more information, please visit https://www.graphjettech.com/.
Cautionary Statement Regarding Forward-Looking Statements
The information in this press release contains certain “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “aim,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result” and similar expressions, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Actual results may differ from their expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: (i) changes in the markets in which Graphjet competes, including with respect to its competitive landscape, technology evolution or regulatory changes; (ii) the risk that Graphjet will need to raise additional capital to execute its business plans, which may not be available on acceptable terms or at all; (iii) Graphjet is beginning the commercialization of its technology and it may not have an accurate estimate of future capital expenditures and future revenue; (iv) statements regarding Graphjet’s industry and market size; (v) financial condition and performance of Graphjet, including the anticipated benefits, the implied enterprise value, the financial condition, liquidity, results of operations, the products, the expected future performance and market opportunities of Graphjet; (vi) Graphjet’s ability to develop and manufacture its graphene and graphite products; and (vii) those factors discussed in our filings with the SEC. You should carefully consider the foregoing factors and the other risks and uncertainties that will be described in the “Risk Factors” section of the documents to be filed by Graphjet from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward- looking statements, and while Graphjet may elect to update these forward-looking statements at some point in the future, they assume no obligation to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise, unless required by applicable law. Graphjet does not give any assurance that Graphjet will achieve its expectations.
Graphjet Technology Contacts
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GraphjetIR@icrinc.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b327fb2d-bed7-432e-91c9-941533eedef6
FAQ
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