ExxonMobil entered into an agreement to acquire the technology and US -based assets of Superior Graphite, along with select international offices.

Superior Graphite is a leader in the graphite industry with more than 100 years of experience in graphite and materials production.

This move marks a major milestone in ExxonMobil’s strategy to build a robust, synthetic graphite supply chain—right in the US.

Compared to traditional mining operations, it’s less labor-intensive, more consistent in quality, and can be made with ExxonMobil’s carbon-rich feedstocks from existing refining streams. With this, ExxonMobil can scale faster and smarter, all while producing a better graphite than what is available in the market today.

Synthetic graphite can play a critical role in the energy transition. It’s a key component in electric vehicles and battery energy stationary storage solutions. Specifically, it is used in the anode of the battery and plays a big role in total battery performance.

ExxonMobil anticipates the demand for higher performance batteries will continue to grow, therefore also increasing demand for higher performance graphite materials.

ExxonMobil expects it will deliver faster charging and longer life than existing graphite materials today.

Superior Graphite brings deep industry know-how, valuable intellectual property and a proven process that’s expected to be: less energy-intensive, more land-efficient and higher throughput.