NextSource Materials ships first graphite from Molo mine in Madagascar

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NextSource Materials ships first graphite from Molo mine in Madagascar
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NextSource Materials announced Monday it has made its first bulk container shipment of SuperFlake graphite from the company’s Molo mine in Madagascar.

NextSource said its aim is to become a vertically integrated global supplier of graphite anode material with plans to construct, in stages, multiple BAFs capable of producing CSPG at commercial scale in key jurisdictions. The solar hybrid plant is owned and operated by CrossBoundary Energy under a 20-year power purchase agreement and comprises a 2.69 MWp solar photovoltaic array combined with a 1.37 MWh battery energy storage system, and a 3.1 MW thermal generator plant. The entire PV array, incorporating 4,902 photovoltaic panels covering an area of 12,663 square metres , has been fully integrated with the BESS.

The plant will be able to provide up to 35% of Molo’s complete system power needs from renewable energy, significantly reducing all-in sustaining costs and carbon emissions by 2,275 tonnes annually.

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