Malaysia-based graphite and graphene producer Graphjet aims to list on the NASDAQ with a $1.5 billion valuation

Malaysia-based Graphjet Technology aims to list on the NASDAQ, with a projected valuation of $1.49 billion. The company has signed an agreement with Energem Corp (NASDAQ: ENCP), a special-purpose acquisition company that will merge with Graphjet.

Graphjet and Energem signing ceremony image

Graphjet was established in 2019 in Malaysia. The company produces graphene and graphite from palm kernel shells (a common waste product from the production of palm seed oil). The company targets several applications, including batteries for EVs and power storage.

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Energy storage, Graphene batteries, Graphene investing and financials, Graphene production