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KUALA LUMPUR, Malaysia, Dec. 26, 2024 (GLOBE NEWSWIRE) -- Graphjet Technology (“Graphjet” or “the Company”) (Nasdaq:GTI), a leading developer of patented technologies to produce graphite and graphene directly from agricultural waste, was pleased to host Malaysia’s Deputy Minister of Plantation and Commodities, YB Datuk Chan Foong Hin, at its recently commissioned green graphite facility located in the Subang District in Malaysia.
“The team at Graphjet demonstrated the intricate process of sustainably converting palm biomass into carbon and subsequently graphite,” said Malaysia’s Deputy Minister of Plantation and Commodities YB Datuk Chan Foong Hin. “The Agri-commodity sector holds robust prospects that is yet to be tapped, and I look forward to seeing more participants add value to the supply chain. At the ministry, we're consistently working to ensure that the ecosystem is conducive to facilitate innovation among players in the sector that will bring higher returns to the economy. I look forward to a continued engagement with Graphjet as the company continues implementing its expansion plans.”
“The Graphjet team was honored to host the Malaysia Deputy Minister of Plantation and Commodities at our green graphite facility in Malaysia, which underscores the role that we expect to play in enabling a more sustainable global graphite supply chain,” said Graphjet’s CEO and Co-Founder, Mr. Aiden Lee. “This visit demonstrates the Malaysian government’s commitment to supporting and promoting the development of green technologies and Graphjet’s value add to the country’s palm oil industry. We look forward to supporting local jobs in Malaysia and a continued dialogue and collaboration with the government of Malaysia, as we plan to deploy our technology around the world at scale.”
Graphjet’s green graphite facility sustainably and cost-effectively recycles palm kernel shells, a highly abundant agricultural waste byproduct in Malaysia, to produce battery-grade graphite for the electric vehicle and semiconductor markets, in addition to other industries. During a visit to the facility and a tour, the Malaysia Deputy Minister of Plantation and Commodities was accompanied by the Company’s Chief Operating Officer and Chief Scientific Officer, Mr. Liu Yu, and Executive Director, Jay Aw. The Graphjet team and the Malaysia Deputy Minister of Plantation and Commodities discussed the importance of the facility and how it is expected to play a key role in supporting a more sustainable transition to green energy.
About Graphjet Technology Sdn. Bhd.
Graphjet Technology Sdn. Bhd. (Nasdaq: GTI) was founded in 2019 in Malaysia as an innovative graphene and graphite producer. Graphjet Technology has the world’s first patented technology to recycle palm kernel shells generated in the production of palm seed oil to produce single layer graphene and artificial graphite. Graphjet’s sustainable production methods utilizing palm kernel shells, a waste agricultural product that is common in Malaysia, will set a new shift in graphite and graphene supply chain of the world. For more information, please visit https://www.graphjettech.com/.