TIDMTGR
RNS Number : 5355O
Tirupati Graphite PLC
10 February 2021
10 February 2021
Tirupati Graphite plc ('Tirupati' or the 'Company')
REACH Certification to Supply Expandable Graphite Products into
EU/EEA
Tirupati Graphite plc, the fully integrated, revenue generative,
specialist graphite producer and graphene developer with operations
in Madagascar and India, is pleased to announce that its group
company Tirupati Speciality Graphite Private Limited ('TSG'), has
been accorded REACH certification for its range of expandable
graphite products for marketing and sales into the European Union/
European Economic Area ('EU/EEA').
Overview
-- The European Chemicals Agency ('ECHA') has approved the
Company's REACH registration for its expandable graphite products,
which includes its branded CarboflameX(R) and trademark pending
GrafEN45545 product range.
-- REACH Certification enables sale of its entire range of
expandable graphite products into the EU/EEA and is a recognised
international standard for these products globally.
-- Commencing sales and bulk supplies to several large consumers
of its expandable graphite products across the EU/EEA, having
successfully completed pilot trials and qualifications.
-- Increased demand for the Company's expandable graphite
products as users look to source products outside of China.
-- REACH Certification also opens the doors for the Company to
market and sell across the EU/EEA its newly developed foam
manufacturing technology and product GrafEN45545, a product
compliant with European Standard EN 45545 - Fire Protection on
Railway Vehicles to Hazard Level 3. (see RNS dated 17 December
2020)
Shishir Poddar, CEO of Tirupati Graphite, said, "We are
delighted that the ECHA has approved our REACH registration for our
range of expandable graphite products, which have various
applications like flame retardancy in construction, automobile and
aerospace industries, gaskets and sealings, thermal management,
flame retardant coatings and many more niche areas. Having already
marketed and completed several pilot trials, this opens access for
us to capitalise on the fast-growing appetite for these products in
Europe where we anticipate ramping up sales, and into those
countries globally that have adopted the REACH standard.
"Notably, the Company's unique GrafEN45545 product is compliant
with one of the most stringent flame retardancy and toxicity
standards further adding value to our range of expandable graphite
products. This bodes well given the upcoming UK Fire Safety Bill,
which is targeted to address issues to ensure fire safety in all
buildings. The registration will open more doors for us, in
addition to qualifications already achieved and we expect
additional successes from our foam technology collaborations."
Details
Tirupati continues to advance its operations across its
portfolio including its Patalganga Project in India where it is
developing various specialty graphite products. These products have
high growth applications such as green energy, energy storage,
composites including electric vehicles, flame retardants, foils and
gaskets, conductive polymers and insulation materials.
Since the commissioning of Patalganga Project in 2019, the
Company has marketed and successfully conducted several pilot
trials with multiple customers across Europe and the UK for its
expandable graphite products, registered under the trade name
CarboflameX(R).
However, ahead of undertaking sales, various analytical and
characterisation tests were done to ensure compliance of the
products with the ECHA standards and EU Regulation (EC) Ndeg
1907/2006. Accordingly, the results of these tests and other data
were submitted to the ECHA as part of the Company's REACH
registration to establish compliance of its expandable graphite
materials. The Company has now been awarded REACH Certification,
enabling it to supply its branded expandable graphite products into
the EU/EEA and further expedite and expand its marketing and sales
efforts globally.
Over the past 12 months, the Company has experienced increased
demand for its expandable graphite products as multiple consumers
target diversification of source for these niche materials.
Currently, 90% of expandable graphite is manufactured in China,
which uses environmentally unfriendly processes. With increasing
environmental concerns and manufacturing costs of Chinese products,
many consumers have approached the Company for its CarboflameX(R)
grades from across the globe. REACH Certification will help to
expedite discussions with these and other new consumers across the
Company's range of expandable graphite products.
Market forecasters are predicting the expandable graphite market
to grow at a CAGR of 7-10% over the next decade attributed to its
efficiency as a flame retardant in various applications across
industries. Further, it is being adopted rapidly in thermal
management, gaskets and sealings. Being a halogen free flame
retardant, the Company's expandable graphite products provide an
environment friendly and safer solution to fire safety compared to
conventional flame retardants. The Company has grades available for
various applications and is already supplying its products into
multiple industries.
Expandable graphite products are used in fire insulation in the
construction industry making materials and building structures
non-combustible and helps in stopping the spread of fire more
efficiently. Independent studies have found it to be more effective
in case of large fires compared conventional flame retardants and
on improving fire safety in buildings. The Company expects to
supply its expandable graphite products into markets for these and
similar types of applications.
** ENDS **
For further information, please visit
https://www.tirupatigraphite.co.uk/ or contact:
Tirupati Graphite Plc
Puruvi Poddar +44 (0) 20 3984 9894
Optiva Securities Limited (Broker)
Daniel Ingram +44 (0) 20 3137 1902
---------------------
St Brides Partners Ltd (Financial PR)
Isabel de Salis / Cosima Akerman +44 (0) 20 236 1177
---------------------
Notes
Tirupati Graphite Plc is a revenue-generative, multi-asset,
multi-jurisdictional, fully integrated producer and developer of
high-grade natural flake graphite, speciality graphite and
graphene, which captures the entire value chain. With a unique set
of properties, graphite has diverse applications with multiple
growth streams and graphene forms the new generation of 2D
materials. In support of this, the Company places a special
emphasis on "green" applications, including renewable energy
generation, energy storage and composites, and is committed to
ensuring its operations are sustainable as well.
The Company's operations include primary mining and processing
in Madagascar, where the Company operates two key projects,
Sahamamy and Vatomina; 3,000 tpa of high-quality flake graphite
concentrate with up to 96% purity is currently being produced and
sold to customers globally, and this is planned to increase to
81,000 tpa by 2024 as per the Company's modular medium-term
development plan.
In India, through Tirupati Speciality Graphite Private Limited
('TSG'), with whom the Company has a binding acquisition agreement
subject to regulatory approvals, Tirupati processes and produces
speciality graphite for use in hi-tech applications like
lithium-ion batteries, fire retardants and composites. Its
specialty graphite processing operations include the 1,200 tpa
Patalganga Project, which was commissioned in July 2019 to
manufacture and sell CARBOFLAMEX(R), a trademarked fire-retardant
expandable graphite product. At the next stage of development,
Patalganga shall further be expanded to 4,800 tpa capacity with
capabilities to also produce high purity and micronised graphite,
so increasing market and product reach by 2021. TSG has developed
unique green processing technologies for manufacturing these
advanced materials.
After establishing itself in the specialty graphite markets
through the Patalganga Project, an additional 24,000 tpa specialty
graphite processing facility is to be established in two 12,000 tpa
phases. The plant will produce expandable, high purity, micronised
and spherical graphite. The west coast of India has been chosen as
the location and a detailed feasibility study has been completed.
TSG is also in the process of establishing the Tirupati Graphene
and Mintech Research Centre, a state-of-the-art R&D centre
focussed on manufacturing graphene, developing its applications,
and further providing environmentally friendly technologies
consultancy for mineral processing.
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END
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