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Northern Graphite and Obeikan to develop battery anode material plant in Saudi Arabia
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Northern Graphite and Obeikan to develop battery anode material plant in Saudi Arabia
Canada-based Northern Graphite and Saudi industrial group Obeikan Investment have signed a financing agreement to jointly develop and operate a large-scale battery anode material (BAM) facility in Saudi Arabia through a joint venture company. The $200-million BAM facility will have an initial annual production capacity of 25,000 tonnes. Construction of the facility is expected to start in 2026 and first-phase production is expected to begin in 2…
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