Green Graphite Technologies Inc. (\u201cGGT\u201d), a leader in commercializing a cost-effective and eco-friendly process to transform Natural Flake Graphite (NFG) and recycled graphite into lithium-ion battery (LiB) grade graphite for electric vehicles, has closed a CAD$2.1 million SEED Funding round co-led by BDC Capital\u2019s Climate Tech Fund and the Sustainable Chemistry Alliance, with participation from a private investor.<\/p>\n\n\n\n
\u201cClosing this SEED round with such prestigious and experienced investors is a major milestone on our journey to rapidly become the global solution for producing battery grade graphite from mined natural flake graphite and from secondary sources such as recycled lithium-ion batteries,\u201d said Gillian Holcroft, co-Founder and CEO of GGT.<\/p>\n\n\n\n
GGT\u2019s technology development roadmap has advanced rapidly since the company\u2019s creation in August 2021. In September 2022, GGT announced that it received a $1.1 million grant from SDTC to advance the development of its GraphPure\u2122 technology to transform NFG into LiB grade graphite. Earlier this year, GGT received a $0.5 million grant from PRIMA Quebec for piloting its GraphRenew\u2122 technology that transforms spent graphite from LiB recycling operations into battery grade graphite. This SEED funding will be used to expand GGT\u2019s core team and support scale up efforts for both GraphPure\u2122 and GraphRenew\u2122.<\/p>\n\n\n\n
\u201cIt\u2019s well known that electric vehicles (EV) use lithium-ion batteries, but most people don\u2019t know that these batteries require high-purity graphite to function,\u201d said Kevin Watson, CTO and co-Founder. \u201cGraphPure\u2122 and GraphRenew\u2122 are innovative, patent pending, purification processes that include efficient on-site regeneration of reagents. These technologies do not produce any liquid effluent and essentially zero solid waste.\u201d<\/p>\n\n\n\n
Graphite miners and battery recyclers will have the option of adopting a graphite purification technology that will enable our society to meet the ever-increasing demands for LiB powered vehicles. With the success of this project, Canada will be seen as a leader in developing a cost effective and clean technology and ultimately eliminate the need for global LiB producers to source graphite exclusively from China, currently the only player in this market.<\/p>\n\n\n\n
\u201cGreen Graphite Technologies developed a much cleaner process to purify graphite, one of the key components of lithium-ion batteries for electric vehicles. Solving this problem is crucial to the energy transition and to helping Canada reach its net zero objective,\u201d said Nicole Leite, Principal, Climate Tech Fund at BDC Capital. \u201cBDC is built to help entrepreneurs rise to the challenges of our time. The demand for lithium-ion grade graphite will only keep increasing, with a projected global demand of 2 million tonnes per year by 2030. Our Climate Tech Fund was designed to enable the scale up of this type of impactful, innovative technologies which will lead to Canada\u2019s future prosperity.\u201d <\/p>\n\n\n\n
\u201cIn order for Canada to achieve its emissions targets, it will need to continue to support and scale early-stage novel technologies like GGT’s GraphPure\u2122 and GraphRenew\u2122\u201d said Meahgan Seagrave, Executive Director of Bioindustrial Innovation Canada. \u201cAs Canada’s only green chemistry accelerator, Bioindustrial Innovation Canada, through its Sustainable Chemistry Alliance Investment Fund, is focused on identifying, validating, and investing in technologies that will allow Canadian and global industries to decarbonize while positioning Canada as a leader in clean, green technology development. Thanks to this crucial investment support, GGT will become instrumental in supporting Canada’s LiB industry while reducing its reliance on unsafe and environmentally damaging foreign sourced materials.\u201d<\/p>\n\n\n\n
\u00c0 propos de Technologies Graphite Vertes <\/h3>\n\n\n\n
TGV est une organisation sp\u00e9cialis\u00e9e dans les technologies propres. Sa mission consiste \u00e0 d\u00e9ployer GraphPure\u2122 et GraphRenew\u2122 \u00e0 l'\u00e9chelle mondiale afin de produire du graphite de qualit\u00e9 batterie de la mani\u00e8re la plus rentable et la plus durable possible, dans le but de combler rapidement le d\u00e9ficit d'approvisionnement en graphite et de favoriser l'adoption des v\u00e9hicules \u00e9lectriques. Avec une demande pr\u00e9vue pour le graphite de qualit\u00e9 LiB - stimul\u00e9e par l'adoption des v\u00e9hicules \u00e9lectriques - qui devrait cro\u00eetre \u00e0 un taux annuel compos\u00e9 de 18 %, avec une demande pr\u00e9vue de 2 millions de tonnes par an d'ici 2030 et de plus de 4 millions de tonnes d'ici 2040, cela repr\u00e9sente une opportunit\u00e9 de march\u00e9 de 55 milliards de dollars. Conscients de la n\u00e9cessit\u00e9 de s\u00e9curiser la cha\u00eene d'approvisionnement en min\u00e9raux essentiels pour l'adoption des v\u00e9hicules \u00e9lectriques, les gouvernements canadien, am\u00e9ricain et europ\u00e9en ont d\u00e9bloqu\u00e9 des milliards de dollars de financement. Le mod\u00e8le commercial de TGV consiste \u00e0 \u00eatre l'op\u00e9rateur et le conc\u00e9dant de licence de GraphPure\u2122 et GraphRenew\u2122. Avec le soutien de ses partenaires industriels et de ses investisseurs, TGV est en passe de devenir la solution mondiale de r\u00e9f\u00e9rence pour la production de graphite de qualit\u00e9 batterie \u00e0 partir de graphite naturel en paillettes extrait des mines et de batteries lithium-ion recycl\u00e9es.<\/p>\n\n\n\n
\u00c0 propos de BDC Capital<\/h3>\n\n\n\n
BDC Capital est la division d'investissement de BDC, la banque des entrepreneurs du Canada. Avec plus de 6 milliards de dollars sous gestion, BDC Capital agit \u00e0 titre de partenaire strat\u00e9gique aupr\u00e8s des entreprises les plus innovantes du pays. Elle offre aux entreprises une gamme compl\u00e8te de solutions de financement, allant des investissements de d\u00e9marrage au capital de croissance, en passant par les solutions de transition de propri\u00e9t\u00e9, afin d'appuyer les entrepreneurs canadiens qui ont l'ambition de se d\u00e9marquer sur la sc\u00e8ne mondiale. Visitez le site bdc.ca\/capital.<\/p>\n\n\n\n
Contact m\u00e9diatique<\/h3>\n\n\n\nTechnologies Graphite Vertes<\/h4>\n\n\n\n
Gillian Holcroft<\/a><\/p>\n\n\n\n Relations M\u00e9diatiques<\/a><\/p>\n\n\n\n <\/p>","protected":false},"excerpt":{"rendered":" Funding will support the commercialization of GGT\u2019s patent pending GraphPure\u2122 and GraphRenew\u2122 technologies Montreal, Canada, October 3, 2023 Green Graphite Technologies Inc. (\u201cGGT\u201d), a leader in commercializing a cost-effective and eco-friendly process to transform Natural Flake Graphite (NFG) and recycled graphite into lithium-ion battery (LiB) grade graphite for electric vehicles, has closed a CAD$2.1 million […]<\/p>","protected":false},"author":1,"featured_media":1980,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"off","_et_pb_old_content":"\n Montreal, Canada, October 3, 2023<\/em><\/strong><\/p>\n\n\n\n Green Graphite Technologies Inc. (\u201cGGT\u201d), a leader in commercializing a cost-effective and eco-friendly process to transform Natural Flake Graphite (NFG) and recycled graphite into lithium-ion battery (LiB) grade graphite for electric vehicles, has closed a CAD$2.1 million SEED Funding round co-led by BDC Capital\u2019s Climate Tech Fund and the Sustainable Chemistry Alliance, with participation from a private investor.<\/p>\n\n\n\n \u201cClosing this SEED round with such prestigious and experienced investors is a major milestone on our journey to rapidly become the global solution for producing battery grade graphite from mined natural flake graphite and from secondary sources such as recycled lithium-ion batteries,\u201d said Gillian Holcroft, co-Founder and CEO of GGT.<\/p>\n\n\n\n GGT\u2019s technology development roadmap has advanced rapidly since the company\u2019s creation in August 2021. In September 2022, GGT announced that it received a $1.1 million grant from SDTC to advance the development of its GraphPure\u2122 technology to transform NFG into LiB grade graphite. Earlier this year, GGT received a $0.5 million grant from PRIMA Quebec for piloting its GraphRenew\u2122 technology that transforms spent graphite from LiB recycling operations into battery grade graphite. This SEED funding will be used to expand GGT\u2019s core team and support scale up efforts for both GraphPure\u2122 and GraphRenew\u2122.<\/p>\n\n\n\n \u201cIt\u2019s well known that electric vehicles (EV) use lithium-ion batteries, but most people don\u2019t know that these batteries require high-purity graphite to function,\u201d said Kevin Watson, CTO and co-Founder. \u201cGraphPure\u2122 and GraphRenew\u2122 are innovative, patent pending, purification processes that include efficient on-site regeneration of reagents. These technologies do not produce any liquid effluent and essentially zero solid waste.\u201d<\/p>\n\n\n\n Graphite miners and battery recyclers will have the option of adopting a graphite purification technology that will enable our society to meet the ever-increasing demands for LiB powered vehicles. With the success of this project, Canada will be seen as a leader in developing a cost effective and clean technology and ultimately eliminate the need for global LiB producers to source graphite exclusively from China, currently the only player in this market.<\/p>\n\n\n\n \u201cGreen Graphite Technologies developed a much cleaner process to purify graphite, one of the key components of lithium-ion batteries for electric vehicles. Solving this problem is crucial to the energy transition and to helping Canada reach its net zero objective,\u201d said Nicole Leite, Principal, Climate Tech Fund at BDC Capital. \u201cBDC is built to help entrepreneurs rise to the challenges of our time. The demand for lithium-ion grade graphite will only keep increasing, with a projected global demand of 2 million tonnes per year by 2030. Our Climate Tech Fund was designed to enable the scale up of this type of impactful, innovative technologies which will lead to Canada\u2019s future prosperity.\u201d <\/p>\n\n\n\n \u201cIn order for Canada to achieve its emissions targets, it will need to continue to support and scale early-stage novel technologies like GGT's GraphPure\u2122 and GraphRenew\u2122\u201d said Meahgan Seagrave, Executive Director of Bioindustrial Innovation Canada. \u201cAs Canada's only green chemistry accelerator, Bioindustrial Innovation Canada, through its Sustainable Chemistry Alliance Investment Fund, is focused on identifying, validating, and investing in technologies that will allow Canadian and global industries to decarbonize while positioning Canada as a leader in clean, green technology development. Thanks to this crucial investment support, GGT will become instrumental in supporting Canada's LiB industry while reducing its reliance on unsafe and environmentally damaging foreign sourced materials.\u201d<\/p>\n\n\n\n GGT is a cleantech organization. Its mission is to deploy GraphPure\u2122 and GraphRenew\u2122 globally to produce battery grade graphite in the most cost-effective and sustainable manner to rapidly address the graphite supply gap and enable the adoption of electric vehicles. With the forecast demand for LiB-grade graphite - driven by the uptake of EVs - growing at a CAGR of 18%, with a projected demand of 2 million tonnes annually by 2030 and over 4 million tonnes by 2040, this represents a $55 billion market opportunity. Recognizing the need to secure the critical minerals supply chain for EV adoption, Canadian, US and European governments have unlocked billions of dollars of funding. GGT\u2019s business model is to be an operator and licensor of GraphPure\u2122 and GraphRenew\u2122. With its industrial partners and investor support GGT is on track to becoming the leading global solution for producing battery grade graphite from mined natural flake graphite and from recycled lithium-ion batteries.<\/p>\n\n\n\n BDC Capital is the investment arm of BDC, Canada\u2019s bank for entrepreneurs. With over $6 billion under management, BDC Capital serves as a strategic partner to the country\u2019s most innovative firms. It offers businesses a full spectrum of capital, from seed investments to growth equity as well as ownership transition solutions, supporting Canadian entrepreneurs who have the ambition to stand out on the world stage. Visit bdc.ca\/capital.<\/p>\n\n\n\nBDC Capital<\/h4>\n\n\n\n
Funding will support the commercialization of GGT\u2019s patent pending GraphPure\u2122 and GraphRenew\u2122 technologies<\/h2>\n\n\n\n
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About Green Graphite Technologies <\/h3>\n\n\n\n
About BDC Capital<\/h3>\n\n\n\n
Media Contact<\/h3>\n\n\n\n
Green Graphite Technologies<\/h4>\n\n\n\n