Graphjet is set to open a plant in Malaysia that will recycle palm kernel material to produce battery-grade, artificial graphite. The plant, which is expected to process up to 30,000 metric tons of palm kernel material per year, will result in 10,000 metric tons of graphite production annually. This level of production will enable the plant to support the production of batteries for over 100,000 electric vehicles each year.
As the only direct agriculture waste-to-graphite technology developer, Graphjet aims to become a leading graphite source in the U.S. CEO Aiden Lee expressed excitement about Nevada being the company’s entry point into the U.S. market and highlighted plans to secure offtake agreements for the Nevada facility. Lee also mentioned a commitment to investing in the region and creating local green energy jobs through the construction of an innovative graphite production facility in the U.S.
The first commercial plant in Malaysia is scheduled to be commissioned in the second quarter of 2024, with plans to commission a Nevada facility in 2026. With this expansion, Graphjet aims to become a major player in the global graphite market and support sustainable energy initiatives around the world.
