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DOE awarding $1.6B to 11 battery materials separation and processing projects as part of $2.8B funding

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The project will build a new plant in Chattanooga to produce 30,000 metric tons per year of graphite targeted at the electric vehicle industry. Currently, NAM is building its first mass production site in the United States, which will produce 10,000 metric tons per year of battery grade synthetic graphite.

Parts 459
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ExxonMobil evaluating significant near-term capital and operating expense reductions; COVID-19

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ExxonMobil and its partners started production of oil at the Liza field in December 2019, less than five years after the first discovery of hydrocarbons and years ahead of industry average. Production in Guyana is expected to reach more than 750,000 gross barrels of oil per day by 2025.

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Roskill: graphite prices could push higher on tightening markets for batteries & electrodes

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First, environmental plant closures in the raw material coal needle coke industry hampered the production of graphite electrodes. Natural graphite often provides a low-cost option, despite the extensive processing needed to transform mined product into the high carbon, low impurity, technical grades required for lithium-ion batteries.

Price 207
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BNEF: producing battery materials in the DRC could lower supply-chain emissions and add value to the country’s cobalt

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The Democratic Republic of the Congo (DRC) can leverage its abundant cobalt resources and hydroelectric power to become a low-cost and low-emissions producer of lithium-ion battery cathode precursor materials, according to a new study on a unified African supply chain by BloombergNEF (BNEF). Adesina.

Africa 221