Collaboration with PETRONAS

Haydale Graphene Industries PLC

22 August 2023

 

RNS
For immediate release	22 August 2023

Haydale Graphene Industries plc

 ('Haydale')

Haydale and PETRONAS Collaborate to Accelerate Graphene's Commercial Applications

Haydale (AIM: HAYD) and PETRONAS Technology Ventures Sdn Bhd (PTVSB), the technology commercialisation arm of Petroliam Nasional Berhad (PETRONAS), have executed a collaboration agreement to functionalise graphene for product applications, in an effort to accelerate commercialisation of graphene-based formulations in various different industries.

The agreement, which runs through to 31 December 2025, will see the parties exploring graphene for further commercial applications in battery cells, composites, coatings and thermal materials, among others. The collaboration will also cover knowledge sharing between the parties.

Commenting on the successful collaboration with PETRONAS, Haydale Chief Executive Officer Keith Broadbent said:

"Haydale is delighted to have signed a collaboration with PETRONAS that cements our commitment to working together on developing innovative solutions and driving progress in the commercialisation of graphene and advanced materials use in the energy industry. Our expertise in nanomaterials and our functionalisation technology compliments PETRONAS' commitment to sustainability and safeguarding the environment and I am confident that this strategic collaboration will be mutually beneficial and greatly accelerate the commercial adoption of functionalised graphene and other 2D materials."

PETRONAS Head of Advanced Materials Dileezaa Lurthanathan, said:

"PETRONAS is dedicated to research and development in advanced materials and our collaboration with Haydale marks a significant milestone in the drive towards the commercialisation of graphene in sustainable technologies. We see Haydale's functionalisation process as one of the keys to unlocking the use of by-products from the energy industry and helping us to move from linear to circular materials to facilitate energy transition."

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For further information:

Haydale Graphene Industries plc

Keith Broadbent, CEO                                                                                    Tel: [phone]

Patrick Carter, CFO

finnCap (Nominated Adviser & Broker)

Julian Blunt / Edward Whiley, Corporate Finance                                               Tel: [phone]

Andrew Burdis, ECM

Notes to Editors

Haydale is a global technologies and materials group that facilitates the integration of graphene and other nanomaterials into the next generation of commercial technologies and industrial materials. With expertise in graphene, silicon carbide and other nanomaterials, Haydale can deliver improvements in electrical, thermal, and mechanical properties, as well as toughness through its state-of-the-art functionalisation. Haydale has granted patents for its technologies in Europe, USA, Australia, Japan, and China and operates from five sites in the UK, USA, and the Far East.

For more information please visit: www.haydale.com  

LinkedIn:Haydale-ltd

Twitter: @haydalegraphene  

 

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