Grafintec Oy

Grafintec's vision is to deliver a Finnish graphite-based supply chain, that is sustainable, maximises resource conversion to final products, is low cost and delivers a strong economic value proposition to the country. To achieve this, Grafintec Oy, a 100% owned Finnish subsidiary of Beowulf Mining, is establishing a facility for processing graphite, with the final product primarily tailored for anode manufacturing. This product is technically referred to as coated spherical graphite, which increases a battery's competitiveness in terms of performance and cost. The facility, located in the GigaVaasa area in Korsholm municipality, Finland, will begin processing non-Chinese imported material with the aim to process Grafintec's own mined material in the future. The GigaVaasa area is an industrial zone focused on energy storage and battery technologies and therefore an ideal location for Grafintec's graphite processing and anode manufacturing hub. To ensure a secure and sustainable supply of natural and refined graphite, the EU's Critical Raw Materials Act sets a target that by 2030, 40 per cent of all processed graphite used within the Union is produced by the Union, and that 10 per cent of the graphite used is extracted from within the EU. Grafintec's strategy is aligned these targets, through the development of its processing facility at GigaVaasa, to subsequently extracting graphite from its own natural graphite projects Aitolampi and Rääpysjärvi. Grafintec's ambition is to refine and optimise state-of-the-art processes (spheronisation and thermal cleaning) for the conversion of natural flake graphite and secondary graphite resources e.g. recycled graphite into high quality battery grade anode materials. Being part of Business Finland funded battery consortiums like BATCircle 2.0 and BATTRACE, Grafintec will substantially contribute to development of a multi-billion € industry and create a supply chain for high value graphite that does not exist in Europe today.