RNS Details22 Feb 2021 07:24
Overview
· Outstanding results generated from a series of trials and tests for manufacturing LiB grade SPG with a leading German manufacturer of spheroidisation and micronisation equipment;
o Tirupati's Madagascar flake graphite purified to >99.95%C using its proprietary, zero-hydrofluoric acid, non-pyrometallurgical, zero-waste purification technology used as input material;
o Yield of up to 68.4% and average of 45.8% spherical graphite from feedstock, compares favourably to generally reported yield of standard Chinese equipment and technology of c.35%;
o Tapped density of up to 962 grams/litre ('g/l') and average of 933g/l, falling in the higher level of the required range by industrial buyers of battery grade SPG.
·Commissioned development and optimisation for the first in a series of commercial scale 3,000tpa SPG manufacturing plants with German specialist and initiated discussions with prospective buyers of SPG including automobile majors, battery and anode manufacturers.
·Fast-evolving growth in the global electric vehicle ('EV') sector prompts the Company to fast track the establishment of its first SPG capacity ahead of the current July 2022 target.
· Well positioned to capitalise upon being an eco-friendly ex-China source of SPG, 100% of which is currently supplied by China.
· The Company believes its unique green technologies in all areas of operations provide a competitive edge on the developing green supply chain for EVs.
· Countries globally launching packages for faster EV adoption and supply chain development due to increasing growth of EV adaptation.
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