- Whitepaper released on patented Hydrodynamic Cavitation Process that converts petroleum feedstocks into high-value materials for clean energy generation and storage
- Industry partner being sought to develop collaborative pilot program and advance commercialisation opportunities
- Technology provides potential path to cleaner, more sustainable revenue streams for petroleum producers
First Graphene Limited (ASX:FGR; “First Graphene” or “the Company”) is pleased to release a whitepaper on its patented process for converting petroleum feedstocks into graphite, graphene and clean hydrogen.
The Company has also released an animated presentation with a view to attracting industry partners to collaborate on the continued development and commercialisation of the innovative technology.
Earlier this year, First Graphene’s research team successfully demonstrated that the novel cavitation technology could efficiently produce graphite materials in a single step process. “Green” hydrogen is the only by-product with no carbon dioxide produced in the process. This work was largely funded by the United Kingdom Government’s Sustainable Innovation Fund, managed by Innovate UK.
High purity graphite is in demand for use in the production of battery anodes such as those used in electric vehicles.
With strong growth predicted in the EV market globally, and a corresponding decline in traditional petrol and diesel-powered vehicles, First Graphene’s unique process provides a potential path to new revenue and more sustainable energy markets for petroleum manufacturers.
The authors of the whitepaper indicate that because the process uses readily available equipment, the process to evolve to a commercial scale should be relatively straightforward.
First Graphene CEO Michael Bell said the Company was now looking for industry partners to help prove the commercial viability of the cavitation technology.
“First Graphene’s cavitation technology is both highly innovative and remarkably simple, and we’re confident it can be readily scaled up using standard processing equipment,” Mr Bell said.
“Ideally, we believe it should be implemented as an additional step within the refinery environment where the full range of feedstocks and petroleum engineering capabilities are readily available.
“For that reason, we see the logical next step being to work directly with an industry partner to develop a commercial-scale pilot.
“Once proven, this technology could not only provide petroleum companies with new revenue opportunities in high-growth sectors but could also offer viable carbon credits as emission trading markets continue to evolve rapidly around the world.”
| Investors Michael Bell Chief Executive Officer 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.
PureGRAPH® Range of Products
PureGRAPH® graphene powders and PureGRAPH® AQUA pastes with lateral platelet sizes of 50μm, 20μm, 10μm and 5μm, as well as PureGRAPH® MB-LDPE 20-30 masterbatch for thermoplastics, 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 Michael Quinert Dr Andy Goodwin | Trading Symbols Australia: FGRFGROC 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.
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