Urbix, The World’s First Environmentally Responsible And Local Graphite Processor, Announces UK Entity As It Starts Expansion To Europe

• World-leading environmentally responsible graphite processor is expanding globally and has established its first overseas entity, Urbix UK, Ltd.

• Urbix aims to provide 30% of the EVs in Europe with its graphite material by 2030

• Urbix is transforming the battery supply chain with its local and sustainable graphite processing for EV anodes

• Urbix’s modular facilities can be deployed rapidly anywhere in the world and close to end use, greatly reducing dependence on EV battery grade graphite from China

• Game-changing treatment process produces high quality graphite at a fraction of the cost, energy, time, and space compared to competitors

• With close to £30.5M ($40M) in backing and a portfolio of proven technology, Urbix is scaling rapidly around the world

Urbix Inc., the US-based graphite processor, has announced the first stage of its global expansion program by establishing a UK entity. Urbix UK, Ltd. will be strategically crucial to accelerate deployment of local facilities to supply UK and European based automakers and battery industries with Urbix’s advanced materials for anodes. The company aims to supply 30% of EVs in the US, UK and Europe by 2030.

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The company will work with UK battery partners to test and validate its CSPG (Coated Spherical Purified Graphite). Early results and feedback from automakers indicated that Urbix’s drop in graphite replacement is meeting and surpassing current customer specifications.This has substantial downstream benefits, contributing to EV batteries that are more efficient, possess a longer life cycle and achieve a greater energy density at a lower cost.

Urbix, one of the few companies processing graphite outside of China, has developed a proprietary process to produce high quality CSPG for electric vehicles at a fraction of the cost, energy, time and space compared to its competitors. Urbix’s modular facilities can be located within a small footprint anywhere in the world and in response to demand; helping automakers to remain competitive in the race for electrification. Urbix’s expansion to the UK demonstrates its commitment to scaling rapidly around the world to provide automakers with locally processed graphite for electric vehicles.

Nico Cuevas, CEO and Co-founder of Urbix “Companies driving the global energy transition need a reliable supply of high-performing and environmentally-friendly graphite to meet projected demand for electric vehicles. The momentum in the UK and Europe is building every day and establishing Urbix’s presence here is critical to increasing supply chain capacity outside of China. We’re looking forward to growing our presence and becoming a part of the UK’s well established and growing battery ecosystem.”

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According to the Advanced Propulsion Centre (APC), the UK needs three to six gigafactories capable of 90GWh of battery capacity by 2030 in order to support the current size of the UK’s car industry. Graphite is the largest material by mass in electric vehicle batteries and is almost entirely processed in China. Lack of diversity in the supply chain is leaving manufacturers exposed to fluctuations in price and shortages expected as early as this year. To meet electric vehicle demand, Benchmark Minerals Intelligence predicts European (including UK) demand for graphite will reach 916,000 tonnes annually (for EVs, Energy Storage Systems and portables).

Urbix’s CSPG graphite is processed using just 10% of the energy, 6% of the acid, 7% of the time and double the yield compared to existing processes. Urbix’s method benefits from a highly resilient supply chain as it is compatible with raw graphite from multiple global locations meaning it is not dependent on a single source of graphite and does not need to source from China. The company is currently commissioning its 1,000 tonne capacity pilot line and expects to be at 32,000 tonnes per year full scale production by 2024.

Urbix is committed to setting a new benchmark for adherence to ESG metrics and recently partnered with supply chain traceability company Circulor  to develop new industry leading standards for transparency and accountability in sourcing and processing graphite for advanced batteries.

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