Strategic Partnership – TerraE ensures raw materials delivery from Magnis Resources


original file: PM_TerraE_Magnis_11_09_2017_engl.

TerraE Holding GmbH has signed a memorandum of understanding with the company Magnis Resources Limited, headquartered in Sydney Australia, to deliver raw materials for the gigafactory for battery cell production it is planning for Germany.  The plan is for Magnis to deliver graphite to TerraE for anode manufacturing. Production is slated to begin at the end of 2019.

“We are glad to have gained Magnis as a strategic partner for our project. Ensuring our long-term supply of raw materials is highly important for cell production in Germany, explains Holger Gritzka, CEO of TerraE Holding GmbH. “Magnis has been an important partner as a graphite supplier on the lithium-ion battery market since the beginning. Our technology in this area is recognised by key customers in this market segment. Our current memorandum with TerraE confirms this”, says Frank Poullas, Chairman of Magnis Resources Limited.

TerraE Holding GmbH is planning to launch large-scale series production of lithium-ion cells at two locations in Germany with a capacity of 34 GWh by 2028. The factories will be operated as “foundries”, meaning that TerraE Holding GmbH will build and operate the factories, and customers can have lithium-ion cells manufactured to their specifications there.

TerraE Holding GmbH was founded in May of 2017 after six member companies in the KLIB (Kompetenznetzwerk Lithium Ionen Batterien – Lithium Ion Battery Competency Network) formed an initiative to establish large-scale series production.

Magnis Resources Limited is a company that researches and develops minerals in Australia and east Africa. The company promotes the use of natural graphite in various industrial applications, primarily for electrical energy storage. The “Nachu Graphite Project” in southeastern Tanzania is their flagship project. The company was previously known as Uranex Limited, and changed its name to Magnis Resources Limited in 2014.

 

Press contact:

TerraE Holding GmbH‘
Holger Gritzka, CEO
E-mail: holger.gritzka@TerraE.com
www.terrae.com

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