Phillips 66 taking 16% stake in synthetic graphite supplier NOVONIX; building US-based battery supply chain
Green Car Congress
AUGUST 10, 2021
Phillips 66 has entered into an agreement to acquire a 16% stake in NOVONIX Limited, an Australia-based company that develops and supplies synthetic graphite materials for lithium-ion battery anodes. This strategic investment enables Phillips 66 to directly support the development of the US battery supply chain.
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