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Investing.com -- Graphjet Technology (NASDAQ:GRPT) stock rose 3% after the company hosted a delegation from a major Japanese trading company to discuss supplying sustainable graphite materials to their customers.
The July 23 visit highlighted interest in Graphjet’s proprietary technology that uses palm kernel shells as renewable feedstock to produce high-purity synthetic graphite. According to the company, this patented process significantly reduces carbon emissions compared to traditional graphite production methods.
The Japanese firm, which Graphjet described as having over 75 years of history and annual revenue of approximately ¥30 billion, serves customers including Toshiba (OTC:TOSYY) and Hitachi (OTC:HTHIY). The company operates across multiple sectors including aerospace components, advanced machinery, automation systems, and chemical products, with operations spanning North America, Europe, and Southeast Asia.
During the visit, the delegation toured Graphjet’s R&D production facilities to learn about the company’s manufacturing process and quality assurance systems.
"This engagement marks a meaningful step forward in strengthening mutual understanding and laying the groundwork for future collaboration in the field of sustainable graphite and next generation technology," said Chris Lai, CEO of Graphjet.
Graphjet Technology focuses on green innovation in the graphite and graphene sector, with an emphasis on sustainable production methods.
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