Panthera Graphite Technologies
50% Evion Group 50% Metachem Manufacturing Company
Pune, India
>21 years
US$100 million
IRR pre-tax
571 %
Project CAPEX
US$3 million
Panthera Graphite (PGT) is a joint venture between leading and world recognised downstream graphite processing group, Metachem Manufacturing, India and the Evion Group NL.
Evion brings substantial commercial and graphite marketing to the JV and proposes to supply material from its Maniry site in the near future.
The global expandable graphite market is projected to reach USD 312.4 million by 2028 from an estimated USD 205.9 million in 2022, at a CAGR of 7.2% during 2023 and 2028.
Source: Precision Reports – Sept 2023
Project Development and Production
First shipments of 80mt of expandable graphite left site in March 2025 to our offtake buyer in Europe – delivering around A$400,000 in sales and revenue to the JV (50/50)
Initial shipments completed after product blending and optimisation at the Pune
Production Facility in India to achieve product specification
Agreement reached in June 2025 to supply leading US-based graphite supply chain company with substantial first order shipment over the next few months.
We expect a significant increase in shipments and revenue over as we ramp up JV operations in preparation for Stage 2 expansion
Planned increases to production are in response to very strong demand which could see the JV become one of the world’s largest producers of Expandable Graphite outside of China – supplying expanding markets in Europe, the USA and southeast Asia.
