First Graphene Limited (FGPHF: OTCQB) | Patents secured to produce critical minerals and hydrogen
First Graphene Limited (ASX:FGR) has announced securing patents in Australia and Korea for its Kainos Technology, which produces graphite, graphene, and hydrogen from petroleum waste streams. Key points include:
- The Kainos Technology uses acoustic or hydrodynamic cavitation to convert petroleum feedstocks into battery-grade synthetic graphite, graphene, and clean hydrogen.
- Global demand for electric vehicles is expected to grow significantly, with annual sales projected to reach 28 million by 2030.
- The company is collaborating with Swansea University on a research project funded by Innovate UK to investigate scaling up production using the Kainos Technology.
- The patents reinforce First Graphene’s ownership of the process and highlight the demand for graphite as a critical mineral.
- The hydrogen industry is expected to generate over A$440 billion in annual export revenues by 2050.
- First Graphene’s CEO, Michael Bell, emphasized the technology’s potential to assist the oil and gas sector in producing materials for electric vehicles and alternative energy sources.
This development positions First Graphene to potentially play a significant role in supplying materials for the global energy transition.
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