International Graphite Ltd to build European graphite hub
Key points
- Joint Venture signed with Alkeemia to build a graphite processing hub in Italy.
- JV ownership: Alkeemia 51%, IG6 49% with shared profits.
- Expected to start production in H2 2027 with an initial capacity of 10,000t/y.
Full summary
International Graphite Ltd (IG6) has announced a binding Joint Venture agreement with Alkeemia to construct a high-spec industrial graphite processing hub at Alkeemia's HF production facility in Porto Marghera, Italy. The JV will be owned 51% by Alkeemia and 49% by IG6, with shared profits. Alkeemia will contribute the industrial platform, including permitting, warehousing, laboratories, and operational workforce. The hub aims to achieve an initial production capacity of 10,000t/y, increasing to ~15,000t/y within three years. Construction is planned to start in Q3 2026, with first production expected in H2 2027. The JV aims to leverage synergies from operating within an industrial chemical ecosystem, positioning itself as a capital-efficient and low-opex graphite processing hub.
Outlook
The joint venture aims to establish a highly efficient and low-opex graphite processing hub in Europe, with initial production expected in H2 2027.
Summary generated by a large language model. Please interpret with care.