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Ashland Advanced Materials’ graphite thermal purification facility in Niagara Falls, NY.
Why NovoCarbon? From EV’s to Nanotechnology, the Carbon Age is Here!
Although people have been using carbon in various forms including graphite for thousands of years, we are continuing to find new applications and even develop new forms carbon and hybrid products. The huge increase in demand for battery materials that is being driven by the adoption of electric vehicles and large scale energy storage systems requires dynamic and creative responses from suppliers to the market.
NovoCarbon has positioned itself to benefit from these trends by developing the capability to manufacture processed graphite products in the US. Working with processing partners, NovoCarbon is able to provide micronized and high purity micronized products to a growing number of domestic and international customers. Our plan now calls for the Company to scale up operations over the next few years with the ultimate goal of reaching 10,000 tons per year of finished products.
The Outlook for the Graphite Industry
Demand for processed graphite for use in batteries and energy storage is anticipated to have a profound and lasting impact on the supply chain for these products. There is an enormous increase in demand projected to meet the requirements of the rapidly growing electric vehicle and energy storage industries. Simon Moores of Benchmark Mineral Intelligence has said that demand for graphite for electric vehicles alone will increase nine-fold by the mid 2020’s.
High purity graphite and derivative products, such as graphene, are increasingly in demand for industry segments beyond energy storage for applications like construction materials that are expected to drive substantial demand growth in the future.
NOVOCARBON IN THE NEWS
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Insights from Industry: Richard Baxter
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