What Grafintec does

Grafintec Oy is a Finnish graphite technology company developing a vertically integrated graphite-to-anode-materials value chain targeting European lithium-ion battery manufacturers. It is a wholly owned subsidiary of UK-listed Beowulf Mining plc (AIM: BEM; Spotlight: BEO) and operates from Kotka, Finland. The company's offering rests on three pillars: (i) the Graphite Anode Materials Plant (GAMP), a planned three-stage hydrometallurgical facility (Spheronisation → Purification → Coating) designed to convert graphite concentrate into Coated Spherical Purified Graphite (CSPG) for battery anodes, with a Phase 1 target of 25,000 t/yr (≈357,000 EVs/yr) and a Phase 2 expansion to 75,000 t/yr (≈1,071,000 EVs/yr); (ii) domestic flake graphite exploration assets, notably the Aitolampi deposit (Pitkäjärvi ML2016:0040) with an Indicated and Inferred Mineral Resource Estimate of 26.7 Mt at 4.8% TGC for 1,275,000 tonnes of contained graphite, plus the neighbouring Rääpysjärvi licence (ML2017:0104); and (iii) collaborative R&D in waste-stream valorisation, kraft lignin applications, and LCA/TEA work via Business Finland-funded consortia.

The GAMP process flow-sheet, co-developed with Dorfner Anzaplan GmbH, uses sodium hydroxide and sulphuric acid under low-to-moderate temperatures — avoiding hydrofluoric acid and other highly toxic reagents — and incorporates >80% NaOH recycling and >90% NaOH recovery from wastewater. Bench-scale tests have produced battery-grade graphite at up to 99.99% Cg purity (exceeding the 99.95% benchmark) with first-cycle coulombic efficiency of 94.2–94.5%, supporting a target operating cost of approximately €2,381/tonne. The Pre-Feasibility Study, completed in March 2025, indicates post-tax NPV8 of €924M and IRR of 37% over 25 years for Phase 1, scaling to €2.2B NPV8 and 38% IRR for Phase 2.

Grafintec is pre-revenue and pre-construction; its near-term monetisation is a mix of public R&D grants (BATCircle2.0 €530k completed Oct 2024; BATCircle3.0 €232k in Nov 2024), tax-credit applications (€131.5M Business Finland tax credit over 11 years applied Sep 2025), and pursuit of EU CRMA Strategic Project status and EU Innovation Fund support (up to 60% of capex/opex). Future revenue is intended to come from direct enterprise B2B sales of CSPG to European anode and battery manufacturers, supplemented by potential commercialisation of by-products (fine graphite powder for defence applications, calcium carbonate for wastewater neutralisation or external sale). The site for GAMP has been reserved at Keltakallio, Kotka (Plot 285-46-168-3, ~13 ha), adjacent to Easpring Finland New Materials Oy's cathode active material plant within the Power Coast battery cluster.

Name

Grafintec

Legal name

Grafintec Oy

Website

https://grafintec.fi

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

1–10 employees

Short description

Grafintec Oy is a Finnish graphite technology company developing the GAMP facility in Kotka to produce battery-grade Coated Spherical Purified Graphite (CSPG) for European lithium-ion battery anode manufacturers, supported by domestic flake graphite exploration assets and proprietary low-toxicity hydrometallurgical process technology.

Ownership category

akta.pro rank

Product category

Battery Anode Materials

NAICS

Carbon and Graphite Product Manufacturing (335991)

akta.pro primary industry

Anode Materials Manufacturing (Graphite, Silicon, LTO) (EUAFABAC)

akta.pro secondary industry

Battery Recycling & Materials Recovery (Li-ion, LFP, Flow, Lead-Acid) (EUAMALAE)

Keywords

• Battery-grade graphite production
• Anode materials manufacturing
• Coated spherical graphite
• Graphite mineral exploration
• Lithium-ion battery materials

Headquarters

HQ city

Vaasa

HQ country

Finland

HQ region

Europe

Offices5 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Infrastructure, Technology or R&D, Supply Chain, Personnel, Operations

Revenue model

1. Coated Spherical Graphite (CSPG) sales: Future core revenue: sale of battery-grade CSPG produced at the planned GAMP facility in Kotka to anode and battery manufacturers in Europe's lithium-ion battery industry. Planned Phase 1 capacity of 25,000 t/yr and Phase 2 expansion to 75,000 t/yr; PFS indicates operating cost of approximately €2,381 per tonne of concentrate feed and projected EBITDA of €150M (Phase 1) and €451M (Phase 2) at full production.
2. By-product commercialisation (fine graphite, limestone): Revenue from sale of by-products including fine graphite powder (~40% of process output), which the company is evaluating for defence applications such as advanced armour materials and thermal management in military electronics, as well as calcium carbonate ("Lime") used for wastewater neutralisation or sold externally.
3. Public R&D grant funding: Non-dilutive funding from Business Finland (€530,000 under BATCircle2.0 and €232,000 under BATCircle3.0) supporting R&D on waste-stream valorisation, LCA, TEA, and process viability for the GAMP process.
4. Tax credit / government incentive applications: Application submitted for a Business Finland managed tax credit of up to €131.5 million over 11 years to support clean-transition capex for GAMP, plus pursuit of EU Critical Raw Materials Act Strategic Project status; also potential EU Innovation Fund support up to 60% of relevant capex/opex.

Pricing tiers

Go-to-market motion3 records

Distribution channels2 records

Marketing channels8 records

Core offering

Grafintec Oy is developing the GAMP (Graphite Anode Materials Plant), a phased industrial facility in Kotka, Finland, that will convert graphite concentrate into Coated Spherical Purified Graphite (CSPG) for sale to lithium-ion battery anode manufacturers. The proprietary three-stage process (Spheronisation, Purification, Coating) uses sodium hydroxide and sulphuric acid under low-to-moderate temperatures, with reagent recycling and battery-grade output exceeding 99.95% Cg. The company also holds two flake graphite exploration licences (Aitolampi and Rääpysjärvi) in Eastern Finland to secure future feedstock.

Product overview

Grafintec Oy is a Finnish graphite technology company whose offering is structured around an integrated platform connecting upstream raw material sources to a downstream processing plant. The core of the offering is the planned GAMP (Graphite Anode Materials Plant) facility in Kotka, Finland, which is designed as a phased industrial development (Phase 1: 25,000 t/year CSPG, Phase 2: 75,000 t/year CSPG) producing Coated Spherical Purified Graphite for lithium-ion battery anode manufacturers. The GAMP is intended to be supplied in the first phase by third-party graphite concentrate and ultimately fed by Grafintec's own exploration assets — namely the Aitolampi (Pitkäjärvi) project, one of Europe's largest flake graphite resources with 26.7 Mt at 4.8% TGC, and the neighbouring Rääpysjärvi project in Eastern Finland. Grafintec's process uses sodium hydroxide and sulphuric acid under low-to-moderate temperatures (avoiding highly toxic reagents), with reagent recycling that recovers >80% of NaOH. Supporting this industrial platform is participation in collaborative R&D such as the VTT-led Bioboost project on kraft lignin applications. The company's overarching strategy is to enable a vertically integrated, secure European graphite-to-anode supply chain independent of Chinese processing dominance.

Differentiator

Problem solved

Functional benefit

Brands

• GAMP (Graphite Anode Materials Plant): Project and product-platform brand for Grafintec's planned Coated Spherical Purified Graphite (CSPG) manufacturing plant, with phased development targeting 25,000 tpa (Phase 1) and 75,000 tpa (Phase 2) at Keltakallio, Kotka, Finland.

Products and services

• GAMP (Graphite Anode Materials Plant) Planned phased industrial facility (Spheronisation, Purification, Coating) at Kotka, Finland, converting graphite concentrate into battery-grade Coated Spherical Purified Graphite (CSPG) for lithium-ion battery anode manufacturers. Phase 1 targets 25,000 t/year (enough for ~357,000 EVs/year), Phase 2 expands to 75,000 t/year. The flow-sheet avoids highly toxic reagents, uses primarily NaOH and sulphuric acid at low-to-moderate temperatures, and incorporates >80% NaOH recycling and >90% wastewater NaOH recovery.
• Coated Spherical Purified Graphite (CSPG) Battery-grade coated spherical graphite produced via the GAMP three-step flow-sheet, with >99.95% graphitic carbon (Cg) purity (achieved 99.99% Cg in bench tests) and first-cycle coulombic efficiency of 94.2–94.5%. Sold to anode and battery manufacturers for use in lithium-ion battery anodes for EVs and energy storage.
• Aitolampi graphite exploration project (Pitkäjärvi ML2016:0040) One of Europe's largest flake graphite resources: Indicated and Inferred Mineral Resource Estimate of 26.7 million tonnes at 4.8% total graphitic carbon (TGC) for 1,275,000 tonnes of contained graphite. Metallurgical test-work shows concentrate can be purified to over 99.95% TGC and is amenable to CSPG production. Located in Heinävesi, Eastern Finland. Intended as future feedstock for the GAMP.
• Rääpysjärvi graphite exploration project (ML2017:0104) Early-stage graphite exploration project located 8 km north of Aitolampi in Tuusniemi, Eastern Finland, covering 479 hectares. Surface samples exceed 50% TGC (analytical limit); not yet drilled. Potential assessed to be at least as large as Aitolampi and possibly higher grade. Intended as future feedstock for the GAMP.

Quantifiable outcome

• Post-tax NPV8 €924M (Phase 1) and €2.2B (Phase 2) over 25 years
• +7 more outcomes

Named customers1 record

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Eleven partnerships are on record, tiered flagship / parent company, flagship technology partner, core eia partner, core r&d consortium partner, adjacent innovation partner, core site host and permitting partner, regional cluster development partner, adjacent co-located industry partner, regulatory authority (not a commercial partner) and adjacent industry research partners.

• Beowulf Mining plc (AIM: BEM; Spotlight: BEO)flagship / parent companyStrategic or Co-development PartnerBeowulf Mining plc is the parent company and 100% owner of Grafintec Oy; all major Grafintec corporate announcements (PFS, site reservation, tax credit application, licence renewals) are issued by Beowulf via RNS and republished on grafintec.fi. Beowulf is also pursuing parallel funding and strategic-partner discussions at the corporate level.
• Dorfner Anzaplan GmbH ("Anzaplan")flagship technology partnerImplementation/ SI/ Consulting PartnerLead engineering/technology consultant for the GAMP process flow-sheet (Spheronisation, Purification, Coating). Anzaplan led the Pre-Feasibility Study, optimisation test-work on reagent/energy consumption, the water-treatment flowsheet for NaOH recycling, and preparation of the GAMP economic analysis.
• AFRY Finland Oycore eia partnerImplementation/ SI/ Consulting PartnerFinnish engineering consultancy appointed by Grafintec to undertake the Environmental Impact Assessment (EIA) for the GAMP project, reflecting the updated scope of the development plan and aimed at completion by end of 2024 (subsequent rounds ongoing).
• Aalto University (BATCircle3.0 consortium)core r&d consortium partnerStrategic or Co-development PartnerConsortium leader of BATCircle3.0 (Finland-based Circular Ecosystem of Battery Metals), a Business Finland Hydrogen & Batteries programme with €13.4M funding over three years. Grafintec participates with the "Management and Valorisation of Waste Streams in the Coated Spherical Graphite Production Process" project, succeeding its BATCircle2.0 project ("Spheronisation and Purification of Natural Graphite for the European Lithium-Ion Battery Market").
• VTT Technical Research Centre of Finland (Bioboost consortium)adjacent innovation partnerStrategic or Co-development PartnerLeader of the Bioboost collaborative project to develop sustainable applications for kraft lignin (a wood pulping by-product). Grafintec is one of nine industry contributors alongside Stora Enso, Valmet, Teknikum, Nokian Tyres, Koskisen, BASF, Premix and Carbofex; focus on polymers and energy storage applications including battery electrode materials.
• City of Kotka (Kotkan kaupunki)core site host and permitting partnerOthersCounterparty to the GAMP site reservation agreement signed 1 July 2025 for Plot 285-46-168-3 in the Keltakallio industrial area (~13 ha, within the 260 ha zone). Initial 12-month reservation, extendable. City of Kotka, via Cursor Oy, is supporting Grafintec's Environmental and Social Impact Assessment and connection into the Power Coast battery cluster. Mayor Esa Sirviö publicly endorsed the agreement.
• Cursor Ltd / Cursor Oyregional cluster development partnerGTM or Marketing PartnerRegional economic development organisation for the Kotka-Hamina area and driving force behind the Power Coast battery cluster initiative. Hosted the first public GAMP meeting in Keltakallio (23 September 2025), provided site-visitation and stakeholder support; CEO David Lindström publicly endorsed the partnership.
• Easpring Finland New Materials Oyadjacent co-located industry partnerStrategic or Co-development PartnerCathode Active Material producer whose plant construction (begun April 2025) is directly northeast of the Grafintec GAMP site in Keltakallio. Easpring co-hosted the first public GAMP meeting and participates in cluster activities; Grafintec cites Easpring's progress as evidence of the regional battery ecosystem's development.
• Tukes (Finnish Safety and Chemicals Agency)regulatory authority (not a commercial partner)OthersFinnish mining regulatory authority that granted the three-year extension to the Pitkäjärvi (Aitolampi) ML2016:0040 mineral exploration licence on 26 June 2024 (legal force 9 April 2025, valid to 16 May 2028) and renewed the Rääpysjärvi ML2017:0104-02 licence from 30 September 2025 for three years.
• Bioboost consortium partners (Stora Enso, Valmet, Teknikum, Nokian Tyres, Koskisen, BASF, Premix, Carbofex)adjacent industry research partnersStrategic or Co-development PartnerEight industry partners alongside Grafintec in the VTT-led Bioboost project developing sustainable kraft lignin applications for polymers and energy storage. Industry partners cover the full value chain from lignin technology providers to application owners, with stated relevance to battery and supercapacitor electrode materials.
• Municipality of Korsholm (Mustasaaren kunta)Others

Scale indicators14 records

Recent moves8 records

Expansion highlights7 records

Direct peers

• EcoGraf: Australian-listed developer of high-purity graphite products, including a planned EcoGraf HFfree purification facility using a similar low-toxicity chemistry approach. Most directly comparable to Grafintec on technology approach (low-HF purification of natural flake graphite) and target market (European battery anode material).
• Nouveau Monde Graphite: Canadian integrated graphite developer advancing the Matawinie mine and the Bécancour battery material plant to produce CSPG for the North American EV supply chain. Closely comparable as a vertically integrated natural graphite-to-CSPG developer targeting OEM-grade battery customers.
• Talga Group: Sweden-anchored (Vittangi) integrated graphite anode producer developing both upstream natural graphite mining and downstream CSPG/coated anode active material for the European EV battery market. Closely comparable to Grafintec in vertical integration and EU battery-materials strategy.
• Northern Graphite: Canadian natural flake graphite producer (Lac des Îles mine) developing downstream battery anode material capacity in Europe. Comparable as a natural graphite miner moving downstream into CSPG and purified graphite for the EV/battery market.
• Syrah Resources: Australian-listed operator of the Vidalia natural graphite processing facility in Louisiana, producing CSPG for the North American/European battery market. Closely comparable as one of the few ex-China developers progressing natural graphite to CSPG at industrial scale with battery cell-maker qualification.
• Renascor Resources: Australian developer of the Siviour flake graphite project in South Australia, integrated with a planned downstream purified spherical graphite (PSG) operation for lithium-ion battery anodes. Comparable as a vertically integrated natural graphite-to-anode-materials developer targeting the EV/battery supply chain.
• Tirupati Graphite: UK-listed (main market) flake graphite producer with operations in Madagascar and a developing downstream specialty graphite business. Comparable as a listed flake graphite producer pursuing downstream value-add and battery-grade specifications.
• Leading Edge Materials: Canadian-listed critical materials company with European assets including the Woxna graphite mine in Sweden and downstream battery materials development. Comparable as a publicly listed European-focused natural graphite producer developing downstream battery anode capabilities.

Broad incumbents

• Vianode: Norwegian industrial-scale producer of advanced battery anode materials (synthetic graphite focused, with emerging natural graphite capabilities), backed by Elkem and Altor. Comparable as a European battery anode materials producer targeting OEM qualification, though its primary technology base is synthetic rather than natural graphite.

Emerging players

• Magnis Energy Technologies: Australian-listed battery technology and materials company involved in natural graphite anode active material production and lithium-ion battery cell projects. Comparable as a publicly listed player targeting CSPG/anode material production for lithium-ion batteries with downstream cell ambitions.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xtwitter.com/Grafintec
• YouTubeyoutube.com/watch?v=NmAhMKUY07A&ab_channel=BeowulfMiningplc
• Facebookfacebook.com/Grafintec
• LinkedInlinkedin.com/company/grafintec-oy

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Grafintec