What First Graphene does

First Graphene Ltd (ASX:FGR) is an Australian public materials-technology company that manufactures and sells high-purity graphene additives at industrial scale from a 100-tonne-per-year facility in Henderson, Western Australia. Its core proprietary process is electrochemical exfoliation of graphite, which produces few-layer, defect-free graphene platelets in four standard lateral sizes (5 µm, 10 µm, 20 µm, 50 µm) under the PureGRAPH brand, alongside pre-dispersed (PureGRAPH AQUA) and masterbatch (PureGRAPH MB-EVA Bitumen) formats. The company also holds a granted UK/US patent on a one-step hydrodynamic cavitation process that converts petroleum feedstock into graphene and green hydrogen, and holds a worldwide exclusive licence from the University of Manchester for graphene/metal-oxide supercapacitor materials delivering up to 500 F/g. Following the June 2026 acquisition of MITO Material Solutions and the April 2026 acquisition of Ionic Industries, the product portfolio has been extended to include functionalized graphene and graphene oxide (E-GO, LIGRA, OMEGA, DELTA) and graphene coatings for geotextile and environmental applications.

First Graphene sells to industrial B2B customers across construction materials (cement, concrete, roof tiles, asphalt), composites and plastics, coatings, elastomers, energy storage and generation, and specialty segments. Commercialisation is executed through a hybrid model combining direct enterprise sales and a network of exclusive distribution and technology partnerships spanning more than 20 countries — including Sixth Element (China), NeoGraf Solutions (USA, 10-year exclusive), GtM Action (New Zealand), Protectology (Europe), and planarTECH (Southeast Asia/Korea/Japan). Revenue is generated primarily through tonne-priced additive sales (PureGRAPH), milestone-based technology partnerships with minimum annual uptake (e.g., 2 tonnes scaling to 10+ tonnes under the NeoGraf deal), and royalty-bearing licences (e.g., 10% royalty from Halocell Australia on graphene-enhanced carbon paste for perovskite solar cells). The company's regulatory positioning — described as the only company with approval to sell tonnes of graphene in both Australia and Europe — is a central commercial asset.

Customer-facing evidence includes 600 tonnes of PureGRAPH-enhanced cement produced at Breedon Group's Hope Cement Works in the UK, over 20,000 tonnes of graphene-enhanced cement deployed in UK infrastructure, the FP McCann roof-tile trial achieving 14% CO2 reduction, the Halocell/QUT perovskite solar cell partnership at 30.6% efficiency, the Steel Blue exclusive 2-year supply agreement for graphene-enhanced work boots, and ongoing R&D collaboration with the University of Manchester GEIC, the University of Adelaide, QUT, and the University of Wollongong. The company's headcount is reported in the 11–50 range, with a small executive team (CEO Michael Bell, CFO Aditya Asthana, CTO Dr. Andy Goodwin, VP Business Development Haley Marie Keith).

Name

First Graphene

Legal name

First Graphene Ltd

Website

https://firstgraphene.net

Company type

Public

Founded year

2017

Operating status

Operating

Headcount range

11–50 employees

Short description

First Graphene (ASX:FGR) is an Australian public materials manufacturer that produces and sells high-purity graphene additives (PureGRAPH) at 100-tonne-per-year industrial scale to industrial B2B customers in cement, composites, coatings, elastomers, and energy storage across more than 20 countries.

Ownership category

akta.pro rank

Product category

Advanced Materials / Graphene Manufacturing

NAICS

Carbon and Graphite Product Manufacturing (335991), Paint and Coating Manufacturing (32551), Other Rubber Product Manufacturing (32629)

SIC

Industrial Organic Chemicals (2860), Miscellaneous Chemical Products (2890), Paints, Varnishes, Lacquers, Enamels & Allied Prods (2851)

akta.pro primary industry

Functional Carbon Fillers (Carbon Black, Graphite) (IMAEAFAO)

akta.pro secondary industries

Specialty Carbon & Pitch Products (Petroleum Pitch, Carbon Binders for Anodes) (EUALAKAK), Carbon‑Based Carbon Materials (graphite, carbon black, CNTs, graphene from CO₂/CO) (EUABAIAG), Black Masterbatch & Carbon Black-Filled Rubber Mixing (IMANAJAD), Powder Coatings (IMAEAHAE)

Keywords

• Graphene additives
• Industrial graphene materials
• Graphene manufacturing
• Graphene cement additives
• Advanced carbon materials

Headquarters

HQ city

Australind

HQ country

Australia

HQ region

Oceania

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Graphene Additive Sales (PureGRAPH Products): First Graphene generates revenue primarily through the sale of PureGRAPH graphene powder, AQUA water-dispersed, and masterbatch additives to industrial customers. Products are priced per tonne with minimum purchase commitments in some distribution agreements. The company reported quarterly income of approximately A$135,000 (June 2026) and expects full-year revenue to increase by 13%.
2. Licensing and Technology Agreements: Revenue is generated through exclusive licensing agreements where partners manufacture, market, and sell graphene-enhanced products. For example, the Halocell Australia deal involves a 10% royalty on sales of graphene-enhanced carbon paste for perovskite solar cells. The NeoGraf agreement includes minimum annual uptake milestones (2 tonnes in year one scaling to 10+ tonnes by year four) with associated revenues of AU$305,000-AU$375,000 for 2 tonnes and AU$1.5m-AU$1.8m for 10 tonnes.
3. Acquisition-Enabled Revenue (MITO, Ionic Industries): Following the acquisition of MITO Material Solutions (June 2026), First Graphene gained existing revenues from product lines including E-GO, LIGRA, OMEGA, and DELTA, serving premium US brands in sports equipment (Parlor Skis, Folsom Custom Skis, St. Croix Rods). The Ionic Industries/Imagine Intelligent Materials acquisition adds revenue-generating graphene coatings technologies for geotextile applications.

Pricing tiers

Go-to-market motion3 records

Distribution channels8 records

Marketing channels6 records

Core offering

First Graphene manufactures and sells high-purity graphene powder additives under the PureGRAPH® brand at industrial tonnage volumes using a proprietary electrochemical exfoliation process. Its product range includes powder grades (5μm, 10μm, 20μm, 50μm platelet sizes), PureGRAPH AQUA water-dispersed additives, PureGRAPH CEM cement additive, and PureGRAPH MB-EVA Bitumen masterbatch, sold to industrial customers in cement, composites, coatings, elastomers, and energy storage sectors across more than 20 countries.

Product overview

First Graphene is a graphene manufacturing company offering the PureGRAPH® family of products including powder additives (available in 5μm, 10μm, 20μm, 50μm platelet sizes), AQUA water-dispersed formulations, and MB-EVA Bitumen masterbatch for industrial applications. The company operates a 100 tonne/year production facility in Henderson, Western Australia, with additional R&D operations in Manchester, UK. Following the June 2026 acquisition of MITO Material Solutions, the portfolio expanded to include E-GO®, LIGRA, OMEGA, and DELTA functionalized graphene and graphene oxide product lines. The products serve construction materials (cement, concrete, roofing, asphalt), composites, elastomers, coatings, energy storage (supercapacitors, batteries), and specialty applications including fire-retardant coatings (FireStop™) and perovskite solar cells (via Halocell partnership). The company also holds patents for cavitation-based conversion of petroleum to graphene and hydrogen.

Differentiator

Problem solved

Functional benefit

Brands

• PureGRAPH: Leading quality graphene product line available at tonnage volumes, including PureGRAPH 10, PureGRAPH 20, PureGRAPH 50, and PureGRAPH AQUA water-dispersed formulations
• Graf-X
• PROGRAPH

Products and services

• PureGRAPH® Graphene Powder Additives High-purity graphene powder additives available in multiple platelet sizes (5μm, 10μm, 20μm, 50μm), designed to enhance mechanical, thermal, and conductive properties of host materials across cement, composites, elastomers, coatings, and energy storage applications. Sold in tonne quantities to industrial customers.
• PureGRAPH® 50 Jumbo platelet size (50-micron lateral) graphene powder with very high aspect ratio and enhanced interlayer spacing, specifically designed for concrete strengthening and polymer reinforcement applications.
• PureGRAPH® AQUA Pre-dispersed graphene additive supplied as a water-based paste for easy incorporation into water-based and polar-solvent formulations including paints, latex, and cement composites. Available in lateral sizes from 5 to 50 microns.
• PureGRAPH® CEM Graphene cement additive designed to reduce CO2 emissions by 14-16% and improve compressive strength by 25-30% in cement and concrete through partial replacement of carbon-intensive clinker. Commercially deployed in over 20,000 tonnes of UK infrastructure projects.
• PureGRAPH® MB-EVA Bitumen Masterbatch Graphene-loaded ethylene-vinyl acetate masterbatch formulation for blending into asphalt mixtures to improve mechanical properties and stability of roads and other asphalt surfaces.
• E-GO® (MITO product line) MITO Material Solutions product line for thermoset applications using functionalized graphene and graphene oxide, serving premium sporting goods and industrial composite customers.
• LIGRA (MITO product line) MITO Material Solutions product line for thermoplastic composite materials incorporating functionalized graphene and hybrid nanomaterial technologies.
• OMEGA (MITO product line) MITO Material Solutions product line for functionalized graphene applications across composite materials, coatings, and nanomaterial additives.
• DELTA (MITO product line) MITO Material Solutions product line for graphene oxide and hybrid nanomaterial technologies covering coatings and nanomaterial additives.
• FireStop™ Graphene Fire-Retardant Coating Graphene-based fire-retardant coating formulation developed with the University of Adelaide under the ARC Research Hub for Graphene Enabled Industry Transformation. Effective at 33% of competitor product thickness; LOI increased from 22.85% to 31.6% in polyurethane with ~1% PureGRAPH loading. Patents in National Phase examination in Australia, Europe, and USA.
• Graphene-Enhanced Carbon Paste for Perovskite Solar Cells Exclusive licensed product for perovskite solar cell carbon paste developed jointly with Halocell Australia and Queensland University of Technology, achieving 30.6% PSC efficiency (near-doubled) and up to 80% production cost reduction using roll-to-roll deposition technology.
• Graphene Coatings Technology for Geotextiles (Imagine Intelligent Materials) Graphene coatings technology acquired from Imagine Intelligent Materials (Ionic Industries subsidiary) for geotextile applications including water containment systems, landfill barriers, environmental remediation, water treatment, and sensing technologies.

Quantifiable outcome

• 14% reduction in cradle-to-gate CO₂ emissions and 8% reduction in cement required for graphene-enhanced roof tiles (FP McCann trial, 2026)
• +7 more outcomes

Named customers14 records

Segments6 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

26 partnerships are on record, tiered flagship, core and minor.

• The Sixth Element (Changzhou) Material Technology Co LtdflagshipChannel Partner/ Reseller/ Distributor · 1 July 2026MOU for exclusive distribution of PureGRAPH CEM graphene cement additive in China. Sixth Element appointed as key distributor with exclusivity tied to annual purchase targets. Phased milestones at 200 tonnes (triggering JV/licensing discussions) and 500 tonnes (triggering full local manufacturing in China). Targets China's 2.3 billion tonne cement market — the world's largest. CEO Michael Bell described it as the largest commercial growth opportunity in company history.
• MITO Material Solutions, Inc.flagshipStrategic or Co-development Partner · 4 June 2026Binding agreement to acquire all product lines, manufacturing equipment, and intellectual property of US-based MITO Material Solutions for up to A$850,000 (A$275,000 cash upfront + up to A$575,000 performance-linked shares tied to two revenue milestones over 24 months). Adds functionalized graphene, graphene oxide, and hybrid nanomaterial technologies (E-GO, LIGRA, OMEGA, DELTA). Haley Marie Keith (former MITO CEO) joins as VP Business Development. Targets aerospace, defense, transportation, and sporting goods sectors.
• Ionic Industries Inc. / Imagine Intelligent MaterialscoreStrategic or Co-development Partner · 28 April 2026Binding Asset Purchase Agreement to acquire manufacturing, IP, and development assets of Ionic Industries Inc. and its subsidiary Imagine Intelligent Materials for AU$250,000 in cash and shares. Provides proven graphene coatings technologies for geotextile applications (water containment, landfill barriers, construction materials), environmental markets, and sensing technologies. Expected to broaden First Graphene's coatings capabilities and unlock new revenue streams.
• Halocell AustraliacoreOEM/ Whitelabel/ Licensing Partner · 26 November 2025Exclusive 12-month global licence agreement for First Graphene to manufacture, market, and sell graphene-enhanced carbon paste for perovskite solar cells. Halocell receives a 10% royalty on sales. Partnership builds on prior joint development achieving 30.6% PSC efficiency (near-doubled) and 80% production cost reduction using roll-to-roll deposition technology. Halocell planning to expand Wagga Wagga facility toward 60 million PSC units annually.
• Breedon Group PLCflagshipStrategic or Co-development Partner · 4 November 2025UK cement and aggregates partner producing approximately 600 tonnes of PureGRAPH-enhanced cement at Hope Cement Works in Derbyshire starting December 2025. Over 20,000 tonnes of graphene-enhanced cement deployed in UK infrastructure projects. Long-term partner validating graphene-enhanced cement technology with commercial-scale production. BREEDON GROUP's adoption signals strongest commercial validation for First Graphene's cement segment.
• NeoGraf Solutions LLCcoreChannel Partner/ Reseller/ Distributor · 22 March 202210-year exclusive technology partnership for USA market. NeoGraf sells PureGRAPH products under its Graf-X brand with minimum annual uptake: 2 tonnes in year one (AU$305,000-AU$375,000), scaling to 10+ tonnes by year four (AU$1.5m-AU$1.8m). Non-achievement of minimum tonnages reverts to non-exclusive arrangement. NeoGraf is the world's leading provider of graphite materials to multiple industries.
• Protectology LtdminorChannel Partner/ Reseller/ Distributor · 25 November 2021UK nanotechnology coatings developer. Representation agreement to exclusively promote PureGRAPH-enhanced coatings under PROGRAPH brand. Best-endeavours obligation to grow commercial opportunities. Launched sprayable conductive coating for plastic surfaces with fire retardant properties in development. First commercial agreement focused on the European market.
• Sellafield Ltd (Game Changers Programme)minorStrategic or Co-development Partner · 3 November 2021Funded development project to assess feasibility of graphene-enhanced rubber gauntlets for nuclear decommissioning gloveboxes. 12-week project investigating needlestick and puncture resistance. Project targets mass production within 12 months of successful outcome. Expands into protective glove market valued at US$35.20 billion by 2027.
• GtM Action LtdcoreChannel Partner/ Reseller/ Distributor · 30 June 2021Exclusive distribution agreement for New Zealand concrete industry with non-exclusive rights for other sectors in New Zealand. Auckland-based company focused on bringing graphene technology to construction sector with customers exploring graphene-enhanced products for dangerous goods storage, landscaping, and agricultural applications.
• Innovate UK (UK Government)coreOthers · 1 November 2020UK government innovation agency providing grant funding for sustainable innovation projects. Funded the cavitation chemistry research (one-step petroleum-to-graphene conversion) and other graphene application development programs including battery materials and hydrogen generation. Critical government backing for First Graphene's UK R&D activities.
• TPR2 / ExfireminorStrategic or Co-development Partner · 29 October 2020NDA with US-based TPR2 (fire and thermal protection products supplier, distributed in Australia as Exfire) to progress commercialization of PureGRAPH-enhanced fire-retardant coatings (FireStop). TPR2/Exfire handles distribution while First Graphene supplies graphene for coating formulations.
• planarTECH Holdings LimitedminorChannel Partner/ Reseller/ Distributor · 7 May 2020Partnership for graphene-enhanced PPE (face masks) under 2AM brand with anti-static and bacteria-resistant properties. Washable and reusable masks. Extended to distribution of full PureGRAPH product range across Southeast Asia, China, Taiwan, Korea, and Japan.
• Steel BlueminorChannel Partner/ Reseller/ Distributor · 11 February 2020Exclusive 2-year supply agreement for graphene-enhanced work boots. Graphene incorporated into thermoplastic polyurethane masterbatches for sole and component production. Wear trials showed increased abrasion and tensile strength, enhanced heat transfer, and reduced weight. Garry Johnson (CEO) cited commitment to innovative solutions for global work boot market.
• University of Manchester (Professors Robert Dryfe and Ian Kinloch)coreTechnology or Integration · 1 September 2019Worldwide exclusive licence agreement for supercapacitor materials technology producing graphene decorated with metal oxide nanostructures achieving up to 500 Farads/gram capacitance. Developed at University of Manchester and licensed exclusively to First Graphene. Supported by EPSRC funding for technology transfer from laboratory to commercial scale.
• Graphene Engineering and Innovation Centre (GEIC), University of ManchestercoreStrategic or Co-development PartnerFirst Graphene is a Tier 1 partner at the GEIC in Manchester. The partnership provides direct access to world-class R&D facilities, academic expertise (Professors Robert Dryfe, Ian Kinloch, Tony McNally), and analytical equipment. Joint development of supercapacitor materials, cavitation chemistry, and graphene characterization standards. GEIC ERDF Bridging the Gap programme supports partner projects.
• University of AdelaidecoreStrategic or Co-development PartnerResearch partnership validating PureGRAPH graphene additives in cement and concrete applications. University of Adelaide published peer-reviewed papers confirming 34.3% compressive strength and 38.6% flexural strength improvements. Research led by Dr. Mohammad一号 and team, establishing scientific credibility for First Graphene's cement segment claims.
• FP McCanncoreStrategic or Co-development PartnerUK manufacturer of concrete products (roof tiles, building materials). World-first production trial of graphene-enhanced cement roof tiles at Cadeby facility producing over 10,000 tiles using 40 tonnes of PureGRAPH-enhanced cement. Achieved 14% CO₂ reduction, 8% cement reduction, and confirmed equivalent-quality production with CEM-II graphene-enhanced cement.
• Senergy InnovationsminorStrategic or Co-development PartnerPartnership developing graphene-enhanced thermal polymer solar collectors. Senergy leads technology development with First Graphene's PureGRAPH graphene. Thermal panels show up to 44% CO₂ reduction vs conventional metal collectors, >30% weight reduction, and 80% cost reduction in energy consumption. Seven products commercialized in 2025. Installations deployed in Ireland and Stony Brook University, New York.
• University of Warwick (Warwick Manufacturing Group)minorStrategic or Co-development PartnerCollaborative research on graphene in thermoplastic systems, supercapacitor materials, and battery applications. Funded by Innovate UK. Led by Professor Tony McNally. Research confirmed easy dispersion and processability of PureGRAPH in engineering polymers at up to 30% weight loading.
• Kainos Innovation LtdcoreStrategic or Co-development PartnerUK-based innovation company with patented hydrodynamic cavitation technology for converting petroleum to graphene and hydrogen. First Graphene holds worldwide exclusive licence. Innovate UK grant funding secured for prototype scale-up. Technology produces approximately 940kg graphene/graphitic carbon and 60kg green hydrogen per tonne of petroleum feedstock.
• Hexcyl Systems Pty LtdminorStrategic or Co-development PartnerAustralian supplier of systems for oceanic farming. Partnership to develop graphene-enhanced HDPE oyster baskets. Demonstrated >60% increase in yield strength, >10% increase in tensile strength, and >50% reduction in abrasion loss. Advanced trials commenced in real-world ocean conditions August 2020.
• Space Blue LimitedminorStrategic or Co-development PartnerUK-based company making rubber floor mats from recycled tyres. Using PureGRAPH graphene to double compression strength of recycled rubber. SpaceMat products sold for homes, offices, gyms, and playgrounds. Supported by GEIC ERDF Bridging the Gap programme.
• Queensland University of Technology (QUT)coreStrategic or Co-development PartnerResearch partner in perovskite solar cell development achieving 30.6% efficiency and 80% production cost reduction. Three-year AU$2.03 million federal grant funding the partnership with Halocell Australia and First Graphene. Research targets satellite, drone, sensor, and small electronic device battery replacement applications.
• FosrocminorStrategic or Co-development PartnerCollaboration agreement with global construction chemicals manufacturer Fosroc on graphene technology for cement additive systems. Fosroc manufactures high-performance chemicals and concrete admixtures, targeting carbon reduction in cement production through graphene-enhanced formulations.
• Mayur ResourcesminorStrategic or Co-development PartnerCollaboration agreement on graphene technology for manufacture of low-carbon cement products. Mayur Resources is developing Asia Pacific cement projects. Partnership aims to bring graphene-enhanced cement products to the Asian market.
• University of WollongongminorStrategic or Co-development PartnerResearch partnership confirming major improvements in sulphate resistance using PureGRAPH in structural concrete and repair-mortar systems. Peer-reviewed research published in RSC Advances journal. Validated mechanism for enhanced durability in corrosive water environments.

Scale indicators12 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Haydale Graphene Industries: UK-based graphene functionalization and supply company listed on AIM. Direct peer in producing graphene additives for composites, coatings, and elastomers with similar application focus and customer base as First Graphene.
• Graphenea: Spanish graphene producer offering graphene oxide, reduced graphene oxide, and CVD graphene products. Comparable in serving R&D and industrial customers with high-quality graphene materials, though with different production methods.
• XG Sciences: US-based graphene nanoplatelet manufacturer producing xGnP graphene products for energy storage, composites, and coatings. Closely comparable in product format (graphene powders/additives) and target applications.
• Direct Graphene (G6 Materials): US-based graphene company producing graphene materials and graphene-enhanced products. Competes in the same graphene additive market with overlapping target applications in composites and coatings.
• Angstron Materials: US-based graphene nanoplatelet producer serving energy storage, composites, and coatings applications. Comparable in product format and industrial customer base.
• Vorbeck Materials: US-based graphene technology company producing graphene-enhanced conductive inks, composites, and coatings. Comparable in industrial graphene additive applications with similar target markets.
• Thomas Swan: UK-based advanced materials company producing graphene nanoplatelets (Elicarb) and other carbon nanomaterials. Direct peer in graphene supply with similar geographic positioning and industrial customer focus.

Regional players

• Talga Resources: Australian graphite and graphene developer focused on battery anode materials. Regional peer with comparable upstream graphite feedstock focus but primarily pursuing lithium-ion battery market rather than industrial additives.

Broad incumbents

• Cabot Corporation: Global specialty chemicals and performance materials company with carbon black as a core product. Broad incumbent supplying carbon-based additives to rubber, coatings, and plastics industries where First Graphene competes.
• Imerys: French multinational mineral-based specialty solutions provider with carbon and graphite product lines. Broad incumbent supplying carbon-based materials to industrial applications including those targeted by First Graphene.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/first_graphene

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries3 records

Funding overview

Funding rounds2 records

Investors1 record

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

M&A3 records

Investments

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

Frequently asked questions about First Graphene