Phillips 66 taking 16% stake in synthetic graphite supplier NOVONIX; building US-based battery supply chain
Green Car Congress
AUGUST 10, 2021
Among its businesses, Phillips 66 is a leading global manufacturer of specialty coke, a key precursor in the production of batteries that power electric vehicles, personal electronics, medical devices and energy storage units. The transaction is subject to approval by NOVONIX shareholders, as well as other customary closing conditions.
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