leadf
logo-loader
viewEcoGraf Ltd

EcoGraf lodges patent application for EcoGraf™ proprietary graphite purification process

The World Bank ‘Minerals for Climate Action’ report highlights that recycling and re-use of minerals will play a significant role to support the transition to renewable energy.

EcoGraf Ltd - EcoGraf lodges patent application with IP Australia over EcoGraf™ proprietary purification process
EcoGraf is receiving increasing interest in the EcoGraf™ recycling application

EcoGraf Ltd (ASX:EGR) has lodged a new patent application with IP Australia, an agency of the Department of Industry, Innovation and Science, for its EcoGraf™ proprietary purification process.

This will include the recovery of high purity graphite from recycled lithium-ion battery material known as ‘black mass’ and to incorporate improvements to optimise the battery graphite purification process flowsheet.

Black mass is the residual material remaining after hydrometallurgical processes have recovered the high-value metals.

The black mass is considered waste and is reporting as landfill, which is a practice that is now inconsistent with environmental and sustainability objectives of major electric vehicle and battery manufacturers.

Increased interest in recycling application

Recovered graphite from black mass is a composite of both natural and synthetic graphite, which provides the opportunity to pursue higher-value synthetic graphite markets and broader applications within the industrial graphite markets.

EcoGraf is receiving increasing interest in the EcoGraf™ recycling application as electric vehicle and lithium-ion battery manufacturers’ look to establish recycling operations targeting zero waste batteries and improve the sustainability of their manufacturing chains.

These industries are establishing recycling programs and supply chain partnerships in an effort to reduce the environmental impact of electric vehicle batteries and are developing a circular economy for lithium-ion batteries.

Minerals for Climate Action report

On May 11, World Bank Group released a ‘Minerals for Climate Action’ report that highlights the role that recycling and re-use of minerals will play in meeting increasing mineral demand in the future.

The report states that battery graphite is:

  • Forecast to comprise 53.8% of the total volume of future mineral demand for energy applications and estimates that more than 3 billion tonnes of battery materials will be needed to transition to renewable energy; and
  • A ‘High-Impact Mineral’ due to the growth in its future demand and its critical role in energy storage technologies.

Quick facts: EcoGraf Ltd

Price: 0.15 AUD

ASX:EGR
Market: ASX
Market Cap: $54.6 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of EcoGraf Ltd named herein, including the promotion by the Company of EcoGraf Ltd in any Content on the Site, the Company receives from said...

FOR OUR FULL DISCLAIMER CLICK HERE

Emmerson Resources plans new gold drilling program at Mauretania

Emmerson Resources Ltd (ASX:ERM) managing director Rob Bills speaks to Proactive about its upcoming drill program at Mauretania Gold Project in the Northern Territory's Tennant Creek Mineral Field. He said the company had previously received some great results at Mauretania of up to...

2 hours, 15 minutes ago

2 min read