Aiming to ramp up their international operations, Urbix Resources will reportedly work with Hanoi-based Vietnam Graphite Group to build a 70,000 tonne purification plant in Vietnam. The Vietnamese purification plant will be situated within VGG’s graphite mining operations in North Western Vietnam and will serve customers in Japan and the surrounding region.
The facility is scheduled for stage one completion in late 2020. It is anticipated the purification plant will have the capability of achieving revenues exceeding US $200 million annually once the second stage is completed the following year. It appears that the plant will be used to produce, among other materials, graphene oxide and graphene nanoplatelets.