Falcon Energy Materials and Hensen partner to build anode plant in Morocco

UAE-based Falcon Energy Materials plc has entered into a comprehensive technical and strategic partnership with China's Hensen Graphite & Carbon Corporation. Together, they will jointly develop an anode plant in Morocco to produce coated spherical purified graphite (CSPG), as announced in a press release on Monday.

Hensen, a leading CSPG producer, has a proven track record in constructing and operating synthetic and natural graphite anode plants in China.

Under this agreement, Hensen and Falcon will collaborate to develop a process flow sheet that produces CSPG meeting all end-user quality requirements while upholding industry-leading transparency and sustainability standards.

The two firms will also work with Tanger Med Engineering SA (TME) and Dorfner Anzaplan GmbH (Anzaplan) to conduct a National Instrument 43-101 compliant preliminary economic assessment (PEA). The PEA will support the financing and construction of the Anode Plant.

The PEA will enable Falcon to demonstrate the economic viability of the Anode Plant in Morocco, facilitating discussions with financial partners and local authorities. The PEA is anticipated to be published in the fourth quarter of 2024.

The Anode Plant is expected to have an annual production capacity of 25,000 tonnes of CSPG. Falcon will maintain control and funding of the Morocco Anode Plant, while Hensen will provide technical support for its development.