ExxonMobil Acquires Superior Graphite to Boost Synthetic Graphite Production and Strengthen U.S. Supply Chain
Reuters
Sep 09
ExxonMobil Acquires Superior Graphite to Boost Synthetic Graphite Production and Strengthen U.S. Supply Chain
Exxon Mobil Corporation has announced a significant expansion into the synthetic graphite sector through its acquisition of technology and U.S.-based assets from Superior Graphite. This strategic move, disclosed by ExxonMobil, aims to establish a robust synthetic graphite supply chain within the United States. Superior Graphite, with over a century of experience in the graphite industry, brings valuable intellectual property and a proven, efficient production process. The collaboration is set to enhance battery performance, particularly for electric vehicles and stationary energy storage solutions, by leveraging synthetic graphite's superior qualities. ExxonMobil's entry into this market is expected to deliver products with faster charging times and longer lifespan, supporting the growing demand for high-performance batteries and the broader energy transition.
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