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[June 2003]
Alliance Will Provide Special Graphite Materials for Fuel Cells
Crystal Graphite Corporation (Vancouver, BC, Canada) has received a Letter of Intent from Advanced Material Composites LLC (Winchester, KY, USA) for the purpose of establishing an alliance in which CGC would supply Advanced Material Composites with high purity flake graphite material for use in the fuel cell industry.
AMC has been developing graphite based material compounds for use in various sectors of the PEM hydrogen, electrolyte and alkaline fuel cell industries. It has recently supplied companies that are using composites that contain CGC's flake graphite.
AMC is said to be poised and currently equipped to handle its goal of 13,611 tonnes of composites per year at the Winchester facility of 575,000 square feet with rail siding and a material handling capacity of some 57 tonnes per hour.
Estimated annual volumes are forecast at 25 tonnes for the first year, escalating to over 2,600 tonnes for years 3 to 5 to a maximum of 13,611 tonnes annually from the Winchester facility. Future plans call for high volume composite blend manufacturing to be transferred to the CGC graphite processing facility and shipped direct to major accounts to control costs.
CGC's recent selling price for high purity graphite is approximately US$1.25/lb. The company has developed its flake graphite deposit in the West Kootenay, near Nelson, British Columbia, Canada approximately 95km north of the USA/Canada border. The company's processing plant produces high quality graphite, primarily for the fuel cell bi-polar plate market as its primary products.
www.crystalgraphite.com
ENDS