In 2026, Graphjet is set to open a new plant in Malaysia that will recycle palm kernel material to produce battery-grade artificial graphite. This plant is expected to have an annual production capacity of 10,000 metric tons, which could support the production of batteries for over 100,000 electric vehicles each year.
CEO Aiden Lee stated that Graphjet is the only direct agriculture waste-to-graphite technology developer, positioning them to be a leading source of graphite for the US market. The company is currently in discussions with potential partners to secure offtake agreements for their Nevada facility.
Lee also expressed excitement about investing in the region and creating green energy jobs as they build a state-of-the-art graphite production facility in the US. Graphjet is looking forward to becoming a key player in the graphite industry and contributing to the growth of green energy technologies.
The company’s first commercial plant in Malaysia is scheduled to be commissioned in the second quarter of 2024. At this plant, palm kernel shells will be processed into hard carbon, which will then be shipped to Nevada. Graphjet plans to commission and start production at their Nevada facility in 2026.
