en.Wedoany.com Reported - Resonac Graphite Spain is constructing a facility in A Coruña, Spain, to produce sustainable synthetic graphite for use in anodes of electric vehicle and energy storage batteries.

According to the company, the plant employs an innovative process that can reduce the carbon footprint by up to 90% compared to imported graphite. At commercial scale, the facility is expected to help reduce CO2 emissions and decrease the EU's dependence on imported synthetic graphite, thereby supporting Europe's energy autonomy.

The European Investment Bank, through its EIB Advisory Services and with support from the EU Innovation Fund's Business Advisory Programme, has signed an agreement to provide technical and financial advice for the project. This aims to enhance its technical and financial maturity, improve implementation prospects and access to financing, while also offering market analysis and assessments of scalability and replicability.

Graphite is a critical component for electric vehicle and energy storage batteries, essential for accelerating electrification and the energy transition. The project aims to strengthen the domestic supply of battery-grade synthetic graphite within the EU.

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