From GlobeNewswire.:

Graphjet Technology has become the leading source of graphite and graphene for the U.S. market by utilizing its patented technologies to produce graphite from agricultural waste. This environmentally friendly solution results in an up to 83% reduction in carbon footprint and up to 80% cost reduction compared to traditional processes. A new facility is set to begin production in Q2 2024 to support a $30 million offtake customer agreement with Toyoda. The company has now closed a business combination with Energem Corp, resulting in Graphjet’s ordinary shares trading on Nasdaq under the symbol “GTI.” The company’s innovative technology transforms waste products into valuable materials to meet growing market demand and accelerate its position as a public company.



Read more at GlobeNewswire.: Graphjet Technology, The World’s Only Direct