SGL CARBON SE

  • WKN: 723530
  • ISIN: DE0007235301
  • Land: Deutschland

Nachricht vom 10.03.2021 | 09:24

SGL Carbon SE: SGL Carbon receives 42.9 million euros funding under IPCEI for graphite anode materials (GAM) in lithium-ion batteries

SGL CARBON SE / Key word(s): Miscellaneous
SGL Carbon SE: SGL Carbon receives 42.9 million euros funding under IPCEI for graphite anode materials (GAM) in lithium-ion batteries

10-March-2021 / 09:24 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


SGL Carbon receives 42.9 million euros funding under IPCEI for graphite anode materials (GAM) in lithium-ion batteries

  • Funding in the amount of 42.9 million euros 2028 for SGL Carbon GmbH from the German Federal Government and the Free State of Bavaria
  • SGL Carbon project aims at European production of innovative anode materials as a key value-added step in electromobility

Wiesbaden, March 10, 2021. SGL Carbon GmbH, a 100% subsidiary of SGL Carbon SE, today received a funding notification for the development and industrialization of innovative anode materials made of synthetic graphite for use in lithium-ion batteries. The funding program is part of the second European IPCEI (Important Project of Common European Interest) / EUBatIn (European Battery Innovation) program, which aims at a competitive European value chain for lithium-ion batteries based on innovative and sustainable technologies.

SGL Carbon is one of a few manufacturers of synthetic graphite for anode materials in Europe. The company's contribution to the IPCEI project ranges from the development of anode materials with increased performance, energy-efficient and sustainable manufacturing processes to novel recycling concepts. It also includes scaling them up to pilot scale and finally mass production. Over the project lifetime until 2028, the goal is to also establish a closed cycle for this cell component. SGL Carbon has already created a solid foundation for the project through previous investments such as the battery application laboratory at its Meitingen site. The German federal government and the Free State of Bavaria provide funding for the SGL Carbon project totaling 42.9 million euros, which can be drawn down over the duration of the project. SGL Carbon will initially fund in advance the subsidized parts of the project at the respective time. The approved funding will then reimburse SGL Carbon for the depreciation from the investments as well as the operating expenses in connection with the funded project on a proportionally basis, up to a maximum of the stated funding amount over the term of the project.

 


Information and Explanation of the Issuer to this News:

Important note:
To the extent that our press release contains forward-looking statements, the latter are based on information that is available at present and on our current forecasts and assumptions. Forward-looking statements, by their very nature, entail known as well as unknown risks and uncertainties that may lead to actual developments and events differing substantially from the forward-looking assessments. Forward-looking statements must not be understood to be guarantees. Instead, future developments and events depend on a large number of factors; they comprise various risks and imponderables and are based on assumptions that may possibly turn out not to be appropriate. These include unforeseeable changes to fundamental political, economic, legal and societal conditions, particularly in the context of our main customers' industries, the competitive situation, interest and exchange rate trends, technological developments as well as other risks and uncertainties. We perceive additional risks e.g. in pricing developments, unforeseeable events in the environment of companies acquired and Group member companies as well as in current cost savings programs from time to time. The SGL Carbon assumes no obligation and does not intend to adjust or otherwise update these forward-looking statements either.

10-March-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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