Michigan awards key environmental permit for graphite processing plant
Graphex Technologies announced last week its Warren processing facility has secured the necessary environmental permit from the Air Quality Division of the Michigan Department of Environment, Great Lakes, and Energy.
Graphex Technologies is a wholly owned US subsidiary of Graphex Group Limited (NYSE: GRFX | HKSE: 6128), a Cayman Island company which already has a self-contained graphite processing ecosystem in China. Its Graphene division currently produces 10,000 metric tonnes per year of purified spherical graphite at its facility in Heilongjiang Province. Like rare earths, most graphite travels through China, either mined or processed there.
Last year, the company established a Graphex Michigan joint venture when it bought a former automotive plant in Warren in a $75 million investment with plans to turn it into a graphite processing plant.
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