EcoGraf Ltd. has signed a cooperation agreement with the European Investment Bank (EIB) to progress the company’s HFfree graphite business in the critical raw materials sector. It is a step closer to enabling EcoGraf to produce high-purity graphite products for the lithium-ion battery market.
The EIB will provide technical assistance across a defined package of workstreams including support for EcoGraf’s planned Epanko project in Tanzania, its Midstream Shaping Facility in Tanzania as well as services aimed at enabling the integration of the project into the EU battery anode value chain.
The Epanko graphite project will provide a long-term, scalable supply of feedstock for the company’s battery anode material processing facility.
EcoGraf Managing Director Andrew Spinks said: “We are excited to partner with the EIB and work together in various strategic initiatives to develop reliable and sustainable supply chains for critical raw materials.
The EIB is funding the technical assistance activities under the “EU–OACPS Technical Assistance Facility on Critical Raw Materials”, which supports initiatives that contribute to the EIB’s critical raw materials strategic initiative.
“The EIB is pleased to support preparatory work that contributes to the development of responsible critical raw material value chains,” said EIB Director for Corporates and Global Activities, Andrea Clerici.
“This will spur potential public and private sector eligible investments that will allow for long-term, sound and sustainable projects to be implemented at a later stage.
“This cooperation reflects our commitment to fostering win-win partnerships with European and African partners, supporting resilient supply chains.
The agreement follows an EIB site visit in June 2025 and subsequent meetings in Brussels, where EcoGraf presented its vertically integrated graphite plans at an EU Priority Projects Showcase.
The EU recognises EcoGraf’s Epanko project as a key development for the establishment of a new and long-term battery mineral supply chain for the European industry.
