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15/10/2024
Mining News

Urbix selected for $125 million DOE grant to build commercial-scale graphite processing facility in the US

US-based Urbix, a developer of graphite processing technology, has been chosen by the Department of Energy’s Office of Manufacturing and Energy Supply Chains (MESC) for final negotiations on a grant of up to $125 million. This funding, part of the Bipartisan Infrastructure Law, aims to boost domestic manufacturing of lithium-ion batteries for electric vehicles and other applications.

The planned facility will produce high-quality coated spherical purified graphite (CSPG), a crucial material for lithium-ion batteries, creating approximately 200 high-paying full-time jobs and 300 direct construction jobs. Once operational, the facility will integrate into a secure supply chain for US battery manufacturers, with an initial capacity of 10,000 tons per year of CSPG, with potential for future expansion.

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Urbix’s project is designed to fortify the domestic battery supply chain, maximizing the benefits of the clean energy transition while reducing reliance on foreign processed critical minerals. The initiative also includes a community benefits plan focusing on workforce development and career advancement in science, technology, engineering, and mathematics (STEM) fields.

Currently, China dominates CSPG supply, producing over 90% of global lithium battery anodes. This project aligns with MESC’s goals to develop a sustainable and resilient economy through domestic battery supply chain investments.

In a joint development agreement signed last October with Appian Capital Advisory, Urbix will receive a consistent supply of high-quality natural graphite concentrate from Appian’s Brazilian graphite producer, Graphcoa. This partnership is expected to establish a fully integrated graphite anode supply chain in the Americas, supporting future gigafactories.

Urbix founder and CEO Nico Cuevas stated, “This achievement highlights the vital role our innovative and sustainable processing technology will play in strengthening US battery manufacturing capabilities. We are dedicated to utilizing this grant to accelerate the development of our facility, ensuring a robust supply chain of premium graphite anode material essential for the industry.”

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