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Stock impact report

Graphjet Technology to Build New Agricultural Waste-to-Graphite Production Facility in Nevada

Graphjet Technology - Class A Ordinary Shares (GTI) 
Company Research Source: GlobeNewswire
Facility expected to transform 30,000 metric tons of agriculture waste annually into up to 10,000 metric tons of graphite per year, enough material to power more than 100,000 electric vehicles Graphjet aims to commission and begin production at new U.S. facility in 2026 Graphjet expects to create more than 500 high-skilled labor positions New facility to position Graphjet as the leading supplier of graphite in the U.S. market to support the growing electric vehicle battery ecosystem KUALA LUMPUR, Malaysia, April 08, 2024 (GLOBE NEWSWIRE) -- Graphjet Technology (“Graphjet” or “the Company”) (Nasdaq:GTI), a leading developer of patented technologies to produce graphite and graphene directly from agricultural waste, today announced it plans to build a commercial artificial graphite production facility in Nevada. This plant is expected to be a first-of-its-kind in the United States. The plant is expected to be capable of recycling up to 30,000 metric tons of palm kernel Show less Read more
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