Nanomaterial applications developer and manufacturer Graphene Manufacturing Group has announced that it will invest $900,000 ahead of commissioning a planned 10 tonne per annum graphene plant, supported by a recent capital raise.
According to a statement from GMG on Wednesday, the board’s approval for the investment will support early works for the expected plant, to be built at the company’s existing gas-to-graphene production site at Richlands, Brisbane.
The early works expenditure was “largely included” in the proposed use of proceeds for a bought deal financing worth $C 5,796,000 (approximately $6.4 million at the time) announced in March. At the time it also said net proceeds would cover R&D on its Graphene Aluminium-Ion Battery, sales efforts, working capital, and preparations to list on “a major United States exchange”.
The upcoming Gen 2.0 Plant is scheduled to come online by the “end of June 2026”, GMG said this week.
Initial production is expected to be “limited to 1 tonne per annum until further work is completed on upgrading packaging systems expected shortly thereafter.
“The final project is expected to be largely self-powered from standalone energy generation from renewable sources, energy storage system and hydrogen enriched natural gas tail gas power generation.
“The final project is also expected to include a semi-autonomous bulk graphene packaging system.”
Production will be based on GMG’s proprietary plasma technology for creating graphene nanoplatelets from natural gas, which it has been using for seven years, though the next iteration of its method is “expected to produce up to 20 times more production per unit” it said.
It expects the new plant to be able to create the different graphene types required for its range of end products, including coatings, lubricants and batteries.
“This is the next exciting step before we look to expand to likely North American based expansion plants – where “cookie-cutter” projects can be rolled out with only minor changes for production expansion with lower cost gas and other benefits being in the North American market,” added Chairman Jack Perkowski.
Picture: credit GMG
Further reading
Graphene Manufacturing Group raises $6.4 million, looks to list on “a major United States exchange”
AICIS approval will allow significant scaling up, says Graphene Manufacturing Group