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China-Africa Trade Information Service
http://info.afrindex.com
China-Africa Trade Information Service
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Falcon Energy Materials announced on Monday signing a partnership with Hensen Graphite & Carbon Cooperate to jointly “develop an anode plant in Morocco.”
The anode plant will specialize in producing coated spherical purified graphite, also known as CSPG.
The agreement will allow both companies to develop a “process flow sheet to produce CSPG that meets all end-user quality requirements while promoting industry-leading transparency and sustainability standards,” Falcon Energy said in a statement.
It further stressed the company’s determination to work with Tanger Med Engineering along with other stakeholders to develop a compliant preliminary economic assessment. This process seeks to support the financing and construction of the plant.
The assessment “will allow Falcon to demonstrate the economic viability of the Anode Plant in Morocco and advance discussions with financial partners and local authorities. The PEA is expected to be published in Q4 2024,” the statement added.
This comes as many experts emphasize Morocco’s significant potential to lead in the production of batteries and lithium thanks to its rich mineral resources.
In May, Moroccan scientist and engineer Rachid Yazami stressed the North African kingdom’s significant potential in the lithium battery industry, including the production and subsequent export of these batteries.
“Morocco has significant potential...and gradually, with scientific research and the training provided by engineering schools and universities, Moroccan professionals are being prepared to support these projects in the future,” he said.
In August, Chinese BTR group specializing in lithium-ion battery materials announced that it will establish a $366 million battery plant in Morocco’s Tangier.
Under its new project, BTR aims to achieve an annual production capacity of 60,000 tons of lithium-ion battery anode materials with the goal of enhancing service offerings to overseas customers.
