Graphjet Technology, a developer of technology that produces graphite from agriculture waste, has started operations at its first commercial-scale green graphite facility in Malaysia.
It claimed the facility in the Subang district is the world’s first commercial-scale plant capable of recycling palm kernel shells to produce battery-grade graphite.
The kernel shells are a highly abundant agricultural waste by-product in Malaysia. The plant has capacity to recycle up to 9,000 tonnes of palm kernel shells annually, producing up to 3,000 tonnes of graphite per year.
Graphjet has received its first shipment of palm kernel shells and has begun shipping green graphite product samples to customers. The company also plans to produce hard carbon at the facility to provide feedstock for its planned green graphite facility in Nevada.
Aiden Lee, CEO and co-founder of Graphjet, said: “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.”
The facility will provide an ability to generate revenue by 2025 and establish a strong foundation for a successful launch in the US in Nevada, he said.
Graphjet is listed on Nasdaq and was notified in June it breached the listing rules for failing to file its quarterly earnings report on time with the Securities and Exchange Commission. It was notified in July that it returned to compliance.
