CarbonScape nets $18m for biographite commercialisation

Manufactured from forestry and timber by-products such as wood chips, biographite can be used in place of regular graphite, which is usually mined or produced from petroleum. Graphite can account for up to 50 per cent of the weight of a lithium-ion battery and more than half of global demand for the material comes from the battery sector.

Current graphite demand already outstrips supply and there is forecasted to be an annual deficit of 777,000 tonnes by 2030. According to CarbonScape, the ability to produce biographite locally from waste material will be a major boost for the sustainability and security of EV supply chains.

“CarbonScape’s biographite enables the establishment of localised battery supply chains from the ground up,” said Ivan Williams, CEO of CarbonScape. “If we are to truly move away from fossil carbon and power our economies through mass electrification, we urgently need sustainable alternatives like biographite to scale quickly.

“This investment represents a strong statement of support for sustainable sourcing of battery materials for global decarbonisation. With these partnerships, CarbonScape is another step closer to bringing biographite to market on a commercial scale.”