Australia's International Graphite to commission $8 million graphite plant

International Graphite

11/02/2024 22:25

Feb 12 (Reuters) - Australia's International Graphite
 IG6.AX  on Monday announced the commissioning of a new A$12.5
million ($8.14 million) graphite processing plant at Collie,
Western Australia, with a capacity to produce 200 metric tons of
micronised graphite per year. 
    The company plans to use graphite concentrate from its
Springdale Graphite Project in Western Australia to feed the
plant's downstream processing operations, it said. 
    The project is expected to generate over 100 jobs at
Springdale and Collie. 
    Micronised graphite is the first stage in producing battery
anode materials for electric vehicles and renewable energy
storage. It is also critical for industrial products, such as
lubricants, polymers, plastics, ceramics and refractory
materials.
    The plant has been funded by an A$2 million grant from the
Western Australia Government’s Collie Futures Industry
Development Fund, the company said. Approval for construction of
the plant is expected as early as mid-year. 
    
($1 = 1.5363 Australian dollars)

 (Reporting by Rajasik  Mukherjee; Editing by Lisa Shumaker)
 ((Rajasik.Mukherjee@thomsonreuters.com;))