Australian battery materials company Novonix has agreed a binding offtake agreement with auto maker Stellantis for 86,250 tonnes of high-performance synthetic graphite, up to a target volume of 115,000 tonnes.
The material will go to Stellantis cell manufacturing partners in North America for six years from 2026. It will come from Novonix’s Riverside facility in Chattanooga, Tennessee, and a planned expansion site.
Riverside is set to become the first large-scale production site in North America dedicated to high performance synthetic graphite. Plans are to begin commercial operations in 2025 and increase output to 20,000 tonnes per year.
The company has received $100 million from the US Department of Energy and has been selected for a further $103 million in tax credit funding. It is also talking to the department about a loan from the Loan Program Office to spend on building the plant.
The plans are for total production to increase to at least 150,000 tonnes per year of synthetic graphite.
