Tirupati Graphite PLC Inaugural Sustainability Report Published (6471Q)
October 29 2021 - 2:00AM
UK Regulatory
TIDMTGR
RNS Number : 6471Q
Tirupati Graphite PLC
29 October 2021
29 October 2021
Tirupati Graphite plc ('Tirupati' or the 'Company')
Inaugural Sustainability Report Published
Tirupati Graphite plc, the fully integrated, revenue generating,
specialist graphite producer and graphene and advanced materials
developer, announces the publication of its inaugural
Sustainability Report. Setting out the Company's sustainability
strategy and commitment to strong environmental, social and
governance (ESG) business practices, the report is available on the
Company website: www.tirupatigraphite.co.uk .
Puruvi Poddar Chief of Corporate & Business Development of
Tirupati Graphite, said, "We firmly believe scientific knowledge,
its development and application are the mother of innovation.
Innovation is a necessity to combat the most glaring global threats
of climate risk, disparity in quality of life and responsible human
activities. The opportunities of value creation in these challenges
are immense and we as a global corporate citizen find ourselves
bestowed with these opportunities.
"Our areas of specialisation; flake graphite, a critical
material and essential element in a green economy, new age 2D
materials - graphene and its derivatives have the potential to
evolve the world of materials to reduce energy consumption, improve
efficiency and improve the life cycle of materials; our location
provides us with the opportunity to improve the quality of life of
some of the most deprived and the extensive depth and diversity in
our human capital helps us contribute the mitigating the
threats.
"At Tirupati, we are proud to be working in this exciting
sector; evolving and developing eco-friendly processes, green
materials, technologies, and strategies with a focus on reducing
emissions and waste to deliver long-term value creation for the
globe.
"We acknowledge that we are at the start of our journey and that
as we grow, our strategies and plans will also evolve. However,
ultimately, our ESG vision remains the same: to create a benchmark
for the highest standards of ESG focusing on green materials, green
technologies, social development and good governance to help build
a better, happier and healthier world in which we live."
ENDS
For further information, please visit
https://www.tirupatigraphite.co.uk/ or contact:
Tirupati Graphite Plc +44 (0) 20 3984 9894
Puruvi Poddar admin@tirupatigraphite.co.uk
Optiva Securities Limited (Broker)
Daniel Ingram +44 (0) 20 3137 1902
------------------------------
St Brides Partners Ltd (Financial PR) info@stbridespartners.co.uk
Isabel de Salis / Catherine Leftley
------------------------------
Notes
Tirupati Graphite Plc is a revenue-generating, multi-asset,
multi-jurisdictional, fully integrated producer and developer of
high-grade natural flake graphite, speciality graphite and graphene
and graphene enhanced advanced materials. With a unique set of
properties, graphite has diverse applications with multiple growth
streams and graphene forms the new generation of 2D and advanced
materials. The Company places a special emphasis on "green"
applications, including renewable energy and energy efficiency,
energy storage, thermal management, and advanced materials
development, 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; 12,000 tpa of high-quality flake graphite
concentrate with up to 96% purity is the current capacity of these
projects and flake graphite being produced is sold to customers
globally. The projects are under staged development and total
capacity is planned to increase to 84,000 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 is developing a suite of
speciality graphite for use in hi-tech applications like
lithium-ion batteries, fire retardants, thermal management, and
composites. Its current operations include the 1,200 tpa Patalganga
Project, focused on manufacturing the Company's trademarked
expandable graphite products CARBOFLAMEX(R) and GrafEN 45545(TM) .
TSG is further developing 30,000 tpa specialty graphite project in
two equal size modules and has developed unique green processing
technologies for manufacturing these advanced materials.
TSG is also developing the Tirupati Graphene and Mintech
Research Centre ('TGMRC'), a state-of-the-art R&D centre
focussed on manufacturing graphene, developing its applications and
advanced materials using graphene, and further providing
environmentally friendly technologies consultancy for mineral
processing. Commercial operations commenced in July 2021 having
completed Stage 1 of the centre's development.
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END
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