First Graphene (ASX:FGR) Fosroc agreement cements carbon reduction strategy

52
Google Ads
  • Collaboration agreement signed with Fosroc on graphene technology for cement additive systems
  • Fosroc is a global manufacturer of high-performance chemicals and materials for the construction industry
  • Agreement strengthens position to assist cement companies in reducing carbon emissions

First Graphene Limited (ASX:FGR; “First Graphene” or “the Company”) is pleased to advise it has entered into a collaboration agreement with global construction chemicals manufacturer Fosroc International Limited (Fosroc) for the development of PureGRAPH® graphene-enhanced cement additives, or grinding aids.

The agreement is a key step in First Graphene’s strategy to help the cement and concrete industries, which are responsible for up to 8 per cent of global carbon dioxide emissions, to achieve 25 per cent emissions reduction by 2030.

As part of its commitment to reducing emissions, the global cement segment is exploring methods to produce cements with lower clinker factor to produce greener cements. Under current production methods, for every tonne of clinker produced, between 0.8 and 0.9 tonnes of CO2 is emitted.

By adding low dosages of PureGRAPH®-enhanced cement additives to the final grinding phase of cement production, up to 20% lower clinker factor cement production is made possible while maintaining or improving cement performance. The PureGRAPH®-enhanced cement additives will assist cement manufacturers to gain superior strength and improved physical properties, while improving grinding efficiency in the grinding phase of cement production.

The purpose of the five-year collaboration agreement is to facilitate the exchange of knowledge through research and development work.  Each party will contribute scientific and industry knowledge at its own cost, with First Graphene providing access to its PureGRAPH® product range, formulation and dispersion process technologies, while Fosroc will take responsibility for additive raw material supplies and formulations, mixing and dispersion, and extensive laboratory trials. There are no other material terms of the agreement or an assessment of economic impact at this stage.

Ultimately, the objective of the collaboration is to jointly develop a range of PureGRAPH®-enhanced cement additives that Fosroc will add to its portfolio of specialty products. These would provide the cement industry with a global solution to reducing carbon dioxide emissions.

As announced to the market in the Company’s New Growth Strategy[1], the global cement and concrete market is of key significance, with a predicted market value of US$774 billion by 2027[2].

Google Ads

First Graphene Managing Director and CEO Michael Bell said: “The agreement with Fosroc is a significant further step for First Graphene as we implement our go-to-market plan to become the world’s leading supplier of graphene-enhanced cement and concrete solutions. Fosroc has significant penetration into multiple global markets that will be highly beneficial in helping expand our reach and educating the market on the significant benefits, including emission reductions, that graphene-enhanced products provide.”

 Fosroc Head of Technology and Product Management Dr. Martyn Whitehead said:

“Fosroc are excited to be working together with First Graphene to develop the next generation of Cement Additives using Graphene technology with a focus on enhancing the performance characteristics of low clinker factor cements.”

 

Investors

Michael Bell

Managing Director & CEO

First Graphene Limited

michael.bell@firstgraphene.net

+ 61 1300 660 448

Media

 

Simon Shepherdson

General Manager Media

Spoke Corporate

simon@spokecorporate.com

+ 61 413 809 404

 

About First Graphene Ltd (ASX: FGR)

First Graphene Ltd is the leading supplier of high-performing, graphene products. The company has a robust manufacturing platform based upon captive supply of high-purity raw materials and an established 100 tonne/year graphene production capacity. Commercial applications are now being progressed in composites, elastomers, fire retardancy, construction and energy storage.

First Graphene Ltd is publicly listed in Australia (ASX:FGR) and has a primary manufacturing base in Henderson, near Perth, WA. The company is incorporated in the UK as First Graphene (UK) Ltd and is a Tier 1 partner at the Graphene Engineering and Innovation Centre (GEIC), Manchester, UK.

 About Fosroc

Fosroc is a global manufacturer of specialised construction chemicals with a particular focus on concrete and cement. Fosroc has offices and manufacturing locations across Europe, Africa, the Middle East, India, North, South and East Asia, with distributor representation across many other regions.

PureGRAPH® Range of Products

PureGRAPH® graphene powders and PureGRAPH® AQUA pastes with lateral platelet sizes of 50μm, 20μm, 10μm and 5μm, as well as a range of PureGRAPH® Masterbatch and Admixture products are available in tonnage volumes. The products are high performing additives, characterised by their high quality and ease of use.

First Graphene Limited

ABN 50 007 870 760

1 Sepia Close

Henderson WA 6166

T:         +61 1300 660 448

E:         info@firstgraphene.net

W:        firstgraphene.net

Directors:

Warwick Grigor

Dr Andy Goodwin

Michael Quinert

Michael Bell

 

Trading Symbols

Australia:        FGR

Frankfurt:       FSE:M11

USA OTCQB:   FGPHF

 

 

With authority of the board, this announcement has been authorised for release by Aditya Asthana, Chief Financial Officer and Company Secretary.

 

About EmergingGrowth.com

Founded in 2009, Emerging Growth.com quickly became a leading independent small cap media portal. Over the years, it has developed an extensive history of providing unparalleled content, in identifying emerging growth companies and markets that can be overlooked by the investment community.

The next step in its evolution is the Emerging Growth Conference.

About the Emerging Growth Conference

The Emerging Growth conference is an effective way for public companies to present and communicate their new products, services and other major announcements to the investment community from the convenience of their office, in an effective and time efficient manner.

The audience includes potentially tens of thousands of Individual and Institutional investors, as well as Investment advisors and analysts.

All Conferences are first announced on Twitter – Follow us on Twitter

All Conference replays emerge on our YouTube Channel – Subscribe to our YouTube Channel

If you believe your company, product or service is at the cusp of going mainstream, or you have an idea for an “Emerging Growth” company that might fit our model, contact us here.

Disclosure: The author is long FGPHF stock.

All information contained herein as well as on the EmergingGrowth.com website is obtained from sources believed to be reliable but not guaranteed to be accurate or all-inclusive. All material is for informational purposes only, is only the opinion of EmergingGrowth.com and should not be construed as an offer or solicitation to buy or sell securities. The information includes certain forward-looking statements, which may be affected by unforeseen circumstances and / or certain risks.  This report is not without bias. EmergingGrowth.com has motivation by means of either self-marketing or EmergingGrowth.com has been compensated by or for a company or companies discussed in this article. EmergingGrowth.com has been compensated in consideration for its work with First Graphene, Ltd. Full details about which can be found here: https://emerginggrowth.com/279-743/. EmergingGrowth.com may or may not receive additional compensation, details about which can be found in our full disclosure, which can be found here,   You can easily lose money investing in highly speculative small cap stocks like the ones mentioned within. Please consult an investment professional before investing in anything viewed within. When EmergingGrowth.com is long shares it will sell those shares. In addition, please make sure you read and understand the Terms of Use, Privacy Policy and the Disclosure posted on the EmergingGrowth.com website.