The global surge in battery production amid increasing demand for electric vehicles generates a greater need for graphite (carbon) used as an anode material in lithium-ion batteries. According to the forecasts this demand should increase by more than 200% over the next four years (Benchmark Mineral Intelligence).
Bloomberg assumes that the main source of demand for graphite will be the growth of electric vehicle market.
The project activity within the framework involves the creation of a modern industrial complex in Savransky district of Odessa region (Ukraine) for the extraction and concentration of graphite ore, as well as graphite production of the following types:
The project foresees development of the deposit with extraction of 900,000 tons of graphite ore annually.
Processing of other minerals that are associated with the mining of graphite ore are also foreseen by the project.
The basis for the project activity is Zarechny Plot of Zavalie graphite ore deposit.
Special permission was purchased at an auction of the State Service of Geology and Mineral Resources of Ukraine with the present validity term for 20 years.
The reserves of graphite ore deposits intended for the development and extraction in the course of the project’s lifetime consist of the following types:
The average graphite content in the ore is 5.5%
The total area of the deposit is 70.1 hectares
Spherical purified graphite (CSPG) is made by micronizing, rounding, and purifying flake graphite. This increases the surface area and conductivity which creates an enhanced battery anode product. The round shape also results in a higher density in the battery, better capacity and longer life. Application: Anode material for Li-ion batteries.
Projected annual production volume of
CSPG 99,95% Cg – 28,000 tons
and MPG as a by-product –
12,000 tons annually
Micronized Purified Graphite (MPG) is also a battery-grade high-conductivity enhanced graphite product which is well marketed internationally.
CSPG and MPG graphite production flow chart
Our Group cooperates with professional and expert companies in Germany, Canada and USA in order to develop the best quality CSPG and MP graphite products and to meet the present requirements for graphite used for high capacity batteries applied in electric vehicles and other well demanded products worldwide.
We are aimed at the ecological production and application of the latest research results of the graphite studies.
Benchmark minerals
The project started with the acquisition at the auction of the State Service of Geology and Subsoil of Ukraine of the Special Permit for the use of subsoil for the mining of graphite ore and related minerals at the Zarechnyi Graphite field by the Group.
As a part of implementation of the State Program for Innovative Projects and Alternative Power Supply Development, the company has started the implementation of a complex project for the creation of a modern and environmentally friendly production of the highest quality graphite, which is further intended for use in the manufacturing of high-tech products such as foam graphite, graphene, fullerenes, graphite nanotubes and other graphite nano-derivatives that have no analogues in their properties. High-purity graphite is also extensively used in lithium-ion batteries as one of their major constituents. The production of lithium-ion batteries, using its own graphite material, is planned in the nearest period as a co-project of the Group.
Dmytro Nikulin has extensive experience in managing industrial projects, as well as implementing investment projects. Since 1996, he has held top management positions in large Ukrainian enterprises, such as ATVT Bankomsviaz, CJSC Krimsky TITAN, OJSC Sumykhimprom, OJSC Ukrhydroenergo.
In 2003, the Assembly of Business Circles of Ukraine awarded the title “Top Manager” for his contribution to the development of the titanium industry in Ukraine, and Mr. Nikulin also received the honorary title “Honored Worker of Industry of the Autonomous Republic of Crimea” by the decision of the Presidium of the Parliament of Crimea No. 1138-4 / 04 of December 1, 2004.
Dmytro Nikulin has successfully implemented and managed the following projects:
| Year | IFRS financial statements | Independent Auditor's Report |
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| 2024 | ||
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| 2022 | ||
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