KUCHING, Feb 2: The Sarawak Economic Development Corporation (SEDC Energy) and Gallois New Energy Materials (M) Sdn. Bhd, has signed a Memorandum of Understanding (MoU) to expedite the development of a cutting-edge graphite manufacturing plant to produce high-end spherical natural graphite and synthetic graphite in Samalaju Industrial Park, Bintulu, with an investment valued at USD 1.5 billion (about RM 6.3 billion).
The collaboration between SEDC Energy and Gallois New Energy is strategically aimed at exploring opportunities within the electric vehicle (EV) industry.
Sarawak Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg, who witnessed the signing ceremony, emphasised that this initiative is in line with the State Government’s commitment to advancing chemical technology components for hydrogen production and fostering economic growth.
“Gallois, renowned for its mining and refining operations in Madagascar, stands as a powerhouse in graphite production. Their natural specialties and high-quality graphite, characterised by a perfect crystalline structure, make them the ideal partner for Sarawak’s rapidly developing hydrogen sector.
“Our joint efforts will explore opportunities in the graphite business, marking a significant stride toward diversifying our energy initiatives. SEDC Energy’s equity acquisition in GNEM solidifies our shared commitment to the success of this venture,” he said.
Highlighting that Sarawak’s public transportation will be powered by hydrogen utilising fuel cell technology, which necessitates graphite, Abang Johari underscored the appropriateness of establishing a graphite manufacturing plant in Bintulu.
Outlined in the MoU is a comprehensive plan to position Bintulu as a leading global source of carbon-neutral graphite outside of China to meet the increasing demand for sustainable and cost-effective graphite supply, particularly in the rapidly expanding EV battery markets.
The strategic move, with a planned three-stage development launching in 2025 subject to the 100MW power availability, leverages Sarawak’s infrastructure advantages, including low-cost and renewable hydropower.
The initiative is poised to transform Bintulu’s economic landscape, generate over 1,000 high-skilled job opportunities for the local community, attract investments in the EV sector, and position Sarawak as a hub for EV Transformation.
Among those present during the MoU signing, Deputy Premier Datuk Amar Awang Tengah Ali Hasan, SEDC Energy Sdn. Bhd chief executive officer (CEO) Robert Hardin, SEDC’s chairman, Tan Sri Dr Abdul Aziz Husain and Gallois Group of Companies president, George Lu. – TVS
