1. CarbonScape received an $18 million investment to commercialize biographite production in Europe and the US for cleaner lithium-ion batteries.
2. Biographite is a sustainable alternative to graphite in battery production, produced from forestry and timber industry by-products.
3. The EU’s new sustainability rules for batteries and electric vehicles are seen as a market advantage for CarbonScape’s biographite product, promoting competitiveness and driving demand for the climate-positive alternative.
In an interview with CarbonScape’s Oliver Foster, Yusuf Latief discusses the company’s success and their biographite alternative to graphite for the battery market. Recently, CarbonScape received an $18 million investment to commercialize their biographite production in Europe and the US, offering cleaner lithium-ion batteries for EVs and grid-scale energy storage. Graphite production is a major CO2 emitter in the battery raw materials supply chain, making up a significant portion of battery costs.
CarbonScape’s biographite is produced from forestry and timber industry by-products, offering a sustainable and local supply chain for battery manufacturers. This alternative addresses the increasing demand for graphite while reducing reliance on traditional supply chains. The company’s focus on creating a greener future aligns with the EU’s sustainability rules for batteries and electric vehicles, giving their product a competitive edge over traditional graphite.
The EU’s emphasis on sustainability in battery production benefits CarbonScape, as their biographite offers a climate-positive alternative to graphite. By encouraging companies to reduce emissions through alternative solutions like biographite, policymakers are promoting the growth of cleaner battery production. The company emphasizes the importance of consumer pressure in driving demand for sustainable alternatives and shares advice for players in the power and battery markets to prioritize due diligence, technology, and location in order to maintain competitiveness. Yusuf Latief’s career journey from geology to finance led him to CarbonScape, where his expertise in both areas has contributed to the company’s success.