EcoGraf Limited, (ASX: EGR) is pleased to report the joint media release from Minister for Industry, Science and Technology, The Hon Christian Porter MP with the Minister for Resources, Water and Northern Australia, The Hon Keith Pitt MP relating to the Kwinana Battery Anode Materials Facility.
Major Project Status recognises the importance of the Company’s development, which supports the Australian Government’s Critical Minerals Strategy and Western Australia’s Future Battery Industry Strategy.
Minister for Industry, Science and Technology Christian Porter said “The Australian Government is committed to boosting investment in the Australia’s critical minerals industry to help build our sophisticated manufacturing capability and deliver new jobs across the country, and particularly to our regional areas. This project will make a high-value contribution to the growth of our critical minerals industry and open up opportunities for further project developments.”
Minister for Resources, Water and Northern Australia Keith Pitt said “EcoGraf is an excellent example of what we want to see more of in Australia – our raw materials being downstream processed right here in Australia, adding value to our exports and creating well paid and sustainable jobs for Australian workers in the process. The project will also use EcoGraf’s own purification technology that eliminates the use of hydrofluoric acid leading to a cost-effective and environmentally friendly purification process.”
EcoGraf’s Managing Director, Mr Andrew Spinks, stated “We are delighted to receive this support from the Australian Government. Our new Battery Anode Materials Facility forms part of Australia’s plans to expand its critical minerals processing and advanced manufacturing industries to provide sustainably produced, high quality products for the global lithium-ion battery and electric vehicle markets.”
“EcoGraf’s development strongly aligns with recent legislative policy changes in Europe that require higher standards of environmental and social governance in battery supply chains. Unprecedented investment is currently underway globally to establish self-sufficient and sustainable battery manufacturing supply chains to support the electric vehicle industry.