Graphite Processing Company to Open First US Facility
March 23, 2021—Graphex Technologies LLC, a Cayman Island-based graphite processer, is planning to open its first U.S. facility in Michigan.
According to a report from The Detroit News, Graphex will work with Michigan-based Emerald Energy Solutions LLC to build a 150,000-square-foot facility to process graphite, which is an essential component for EV batteries, at Emerald Business Park in Warren, Mich.
A news release from Graphex quoted in the report says the facility will "establish U.S.-based processing of a critical mineral element for use in the production of electric vehicle batteries."
Graphex did not say how much it would invest into the venture, but it aims to have a fully functional facility capable of producing, storing, testing and distributing EV battery materials by the middle of next year.
The report says the facility is "expected to be the first of several that sites Graphex could construct in the U.S., Canada and Europe, depending on market conditions."
Image: Anete Lusina