Graphenea secures €2.5 million to build a new graphene pilot plant

Graphenea, the leading graphene manufacturer and supplier, announced plans to construct a new graphene pilot plant. €2.5 million will be invested in building the plant, which is meant to be opened in 24 months and multiply production capacity by 200 times.

Graphenea was granted €1.8 million by the EU for the construction of this plant, as part of the Horizon 2020 program ‘SME Instrument’ for the enlargement and growth of its industrial project. The other €700,000 come from Graphenea’s own equity from its last financing round. Graphenea also stated that: ”if the phase pilot plant is successful, Graphenea will move to an industrial phase that will require a larger investment.”