Oct 9 (Reuters) - Australia's EcoGraf (EGR.AX) said on Monday it would evaluate prospects of developing a battery anode material (BAM) facility in Vietnam in collaboration with local lithium-ion battery manufacturer VinES Energy Solutions (VinES).
The Australian graphite producer will support VinES with its U.S.-patented BAM processing technology, whereas VinES, a member of the Vin Group, will provide its services to support EcoGraf's expansion plans in the United States.
EcoGraf will evaluate the potential to combine a localised graphite material supply in Vietnam with future feedstock from its Epanko project in Tanzania, the company said in a statement.
"The agreement provides for a phased evaluation programme under which VinES and EcoGraf will initially assess and qualify local Vietnam graphite suppliers, with a view to incorporating domestic production into the supply chain," EcoGraf said.
The companies will enter a binding agreement to jointly develop a battery anode supply chain in Vietnam with further options for certain financing, investments and product offtake agreements.
Persons:
EcoGraf, Echha Jain, Kim Coghill, Subhranshu
Organizations:
Energy, Vin, Thomson
Locations:
Vietnam, United States, Tanzania