Graphjet Technology, established in 2019 and based in Malaysia, is transforming the production of graphene and graphite through sustainable methods. The company has developed and patented a unique process that converts palm kernel shells, a waste product from palm oil production, into high-quality single-layer graphene and artificial graphite. Their facility has the capacity to process 9,000 metric tons of palm kernel shells into 3,000 metric tons of graphite annually, sufficient to supply materials for 40,000 electric vehicles. This innovative approach reduces operational costs by 80% compared to traditional methods while maintaining exceptional product quality.
Battery Technology
Graphjet Technology’s primary focus is the production of battery-grade graphite, an essential component in lithium-ion batteries. The company’s process achieves 99.99% graphite purity and 98.8% graphitization, meeting strict industry standards for electric vehicle applications. Their method generates only 2.95 kg of CO2 emissions per kilogram of graphite produced, significantly lower than conventional production methods that emit 16.8-17 kg CO2 per kilogram.
The company’s 91,000-square-foot facility manufactures several products crucial for the battery industry:
- Palm kernel shell-based graphite
- Palm kernel-based carbon
- Anode materials for batteries
- Artificial graphite
- Natural graphite
This product range supports various applications in electric vehicle batteries and energy storage systems, establishing Graphjet as a significant non-Chinese supplier in the global market.
Recent Projects
In late 2024, Graphjet Technology launched operations at their first agricultural waste-to-graphite facility in Malaysia. The company also secured three ISO certifications for environmental management, quality management, and occupational health and safety. Additionally, they appointed Mr. Liu Yu as Chief Operating Officer and Chief Scientific Officer to oversee production operations and drive business growth.
Investors
Insider ownership accounts for approximately 54% of Graphjet Technology’s shares. Notable shareholders include Chief Scientific Officer Yu Liu (25%), Chairman Hooi Lim (14%), and CEO Ping Wei Lee (6%). The general public holds about 28% of shares, while private companies maintain approximately 19% ownership. Recently, Suria Sukses Engineering reduced its stake through a $1.78 million share sale.
Business Details
Location: Kuala Lumpur, Malaysia
Website: https://graphjettech.com
LinkedIn: https://www.linkedin.com/company/graphjet-technology-nasdaq-gti/
