Graphjet Tech drives green revolution in Graphite industry, eyes Nasdaq debut with US$1.5b valuation

HOME-GROWN Graphjet Technology Sdn Bhd, a frontrunner in green graphite production, is on course to become a publicly traded entity on Nasdaq with a pro forma enterprise value of US$1.49 bil.

This development not only signifies Graphjet’s business growth but also its commitment to shaping a green supply chain ecosystem globally, according to the company’s co-founder and CEO Aiden Lee Ping Wei.

“Our commitment to sustainable innovation takes a new leap with our Nasdaq listing,” commented Lee.

“We’re not just producing green graphite; we’re at the forefront of developing advanced green battery anode materials. This move underscores our role in the global shift towards renewable energy solutions.”

Graphjet Technology Sdn Bhd co-founder and CEO Aiden Lee Ping Wei (left) unveiled that the group has become a part of the World Economic Forum (WEF) New Champions Community in December 2022Graphjet’s innovative process converts palm kernel shells, an abundant local by-product from the palm oil industry, into premium-grade graphene and graphite which is crucial for green battery technologies.

This process epitomises the company’s strategy of turning waste into valuable materials, thus contributing significantly to the green supply chain for battery anode materials.

Graphjet’s involvement in sustainable production extends beyond material conversion. The company actively participates in global efforts to establish sustainable supply chains in the battery and graphite industries.

Currently, its products stand at the intersection of efficiency and sustainability, offering customers innovative solutions that meet the escalating demand for environmentally-friendly materials.

“This is a prime example of how local resources can fuel global technological advancements. This listing is more than a corporate milestone; it’s a message about Malaysia’s role in the sustainable technology narrative.” Lee pointed out.

Graphjet’s ascendancy isn’t just a corporate triumph; it heralds a new era for Malaysia’s economy. The company’s growth is set to spur job creation and invigorate local industries, fostering a robust economic ecosystem centred on sustainable practices.

“Our success is rooted in continuous innovation, especially in green technology. Our research efforts ensure we remain at the forefront of sustainable graphite production,” envisages Lee.

Graphjet’s focus on environmental, social and governance (ESG) principles has been integral to its business model. By prioritising sustainable practices, Graphjet is adhering to its corporate responsibility and addressing the growing global demand for environmentally friendly products.

The anticipated growth in the graphene market offers a promising outlook for Graphjet’s role in the sector. According to a study by Mordor Intelligence in 2023, the graphene market is expected to experience significant growth in the coming years.

Graphjet’s strategic initiatives, including the Nasdaq listing and expansion in the Southeast Asian market, do position the company to capitalise on these emerging opportunities and reinforce Malaysia’s standing in the global tech industry. – Feb 8, 2024

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