Resonac Graphite Spain gains EIB advisory for A Coruña synthetic graphite project
- EIB Advisory will provide technical and financial advice through the EU Innovation Fund’s business advisory programme.
- The A Coruña plant will produce synthetic graphite for battery anodes used in electric vehicles and energy storage.
- The process is expected to reduce the carbon footprint by up to 90% compared with imported graphite.
- Advisory work will target technical and financial maturity, market analysis, scaling and replicability, and access to financing.
Project
Resonac Graphite Spain is developing a facility in A Coruña to produce sustainable synthetic graphite for battery anodes used in electric vehicles and energy storage.
Environmental impact
The company says the plant’s innovative process can reduce the carbon footprint by up to 90% compared with imported graphite; at commercial scale the plant is expected to help cut CO2 emissions and lessen the EU’s dependence on imported synthetic graphite, supporting European energy autonomy.
EIB advisory support
The European Investment Bank, via its EIB Advisory services and supported by the EU Innovation Fund’s business advisory programme, has signed an agreement to provide technical and financial advice to advance the project’s technical and financial maturity, improve implementation prospects and access to financing, and deliver market analysis and assessments of scaling and replicability.
Strategic context
Graphite is an essential component for EV and energy-storage batteries and therefore critical to accelerating electrification and the energy transition; the project aims to strengthen domestic supply of battery-grade synthetic graphite in the EU.
Source: European Commission
