TIDMTGR
RNS Number : 0114Z
Tirupati Graphite PLC
20 January 2022
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Abuse Regulations (EU) No. 596/2014 which is part of UK law by
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20 January 2022
Tirupati Graphite plc
('Tirupati' or the 'Company')
Transformational Flake Graphite Processing Technology
Tirupati Graphite plc (TGR.L, TGRHF.OTCQX), the specialist
graphite and graphene company developing sustainable new age
materials, is pleased to announce a technological milestone which
will significantly improve performance of the Company's primary
graphite and downstream specialty graphite production
processes.
In July 2021, the Tirupati Graphene & Mintech Research
Centre ("TGMRC") established a pilot scale version of its unique
Column Flotation System ("CFS") which it developed for use across
the Company's primary and downstream specialty graphite production
plants.
After concluding successful trials, Tirupati will be shipping
the first commercial scale CFS with a 1.5 MT per hour capacity, for
installation and operation at its 9,000 tpa Vatomina graphite
production plant in Madagascar.
The CFS developed by the Company has demonstrated a number of
advantages over conventional flotation cell technologies commonly
used in graphite processing including the ability to:
o reduce power consumption during the flotation stage of the
process by c.40%;
o eliminate corrosion and wear in flotation thereby reducing
maintenance, costs and production downtimes; and
o reduce the number of processing/floatation stages required to
achieve desired graphite purity levels thereby lowering overall
costs of production.
The Company will be incorporating the new CFS in its upcoming
capacity expansion projects replacing three out of four flotation
stages. This can be achieved without changing the planned timelines
and is expected to deliver significant commercial and operational
improvements, further strengthening the Company's status as a
lowest cost quartile producer of natural flake graphite.
Significant benefits on cost and efficiency are expected in the
upcoming 18,000 tpa Sahamamy expansion due to complete at the end
of Q2 2022 and in the follow on 54,000 tpa of additional capacity
planned to be built in Madagascar by 2024. The Company will update
the markets further in due course.
Shishir Poddar, Executive Chairman of Tirupati Graphite,
said:
"Global flake graphite demand continues to grow driven by the
acceleration in the transition to electric mobility and growth in
other flake graphite consumption arenas such as flame retardant and
thermal management applications. As such, we are increasingly
confident in our strategy of rapidly increasing our production
capacity.
"Our dedicated research centre in India which is the
technological backbone supporting the Group's operations, has
enabled us to commercialise our Column Flotation System with many
unique features allowing us to further reduce our costs and
increase efficiencies at our primary flake graphite operations in
Madagascar, downstream specialty graphite operations in India and,
in due course, our primary flake graphite projects in Mozambique as
well.
"We believe in continued innovation and technological
improvements and continue to make progress towards being an
important contributor to the energy transition economy and in the
process seize the opportunities for creating sustainable values for
our shareholders."
Enquiries:
Tirupati Graphite Plc admin@tirupatigraphite.co.uk
Puruvi Poddar - Chief of Corporate & Business +44 (0) 20 39849894
Development
Optiva Securities Limited (Broker)
Ben Maitland - Corporate Finance +44 (0) 20 3034 2707
Robert Emmet - Corporate Broking +44 (0) 20 3981 4173
FTI Consulting (Financial PR) +44 (0) 20 3727 1000
Ben Brewerton / Nick Hennis / Ojasvi G oel tirupati@fticonsulting.com
/ Kelly Smith
https://www.tirupatigraphite.co.uk/
Notes to Editors
Tirupati Graphite Plc is the specialist graphite and graphene
company developing sustainable new age 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; 3,000 tpa of high-quality flake graphite
concentrate with up to 96% purity is currently being produced and
sold to customers globally, with an additional 9,000 tpa capacity
expected to be commissioned soon, 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 expanding the Patalganga Project to 4,800 tpa and
developing the 30,000 tpa specialty graphite project in two 15,000
tpa modules which will include capabilities to manufacture
high-purity, expandable, micronized and spherical graphite and
using its unique green processing technologies for the
manufacturing of these advanced materials.
TSG has also established and continues to develop the Tirupati
Graphene and Mintech Research Centre, 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.
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