NOVONIX Synthetic Anode Material Leads the Industry in Environmentally Sustainable Manufacturing Practices

BRISBANE, Australia, June 29, 2022 (GLOBE NEWSWIRE) -- NOVONIX Limited (NASDAQ: NVX, ASX: NVX, OTCQX: NVNXF) (“NOVONIX” or “the Company”), a leading battery materials and technology company, is proud to announce that its GX-23 synthetic anode graphite Life Cycle Assessment (LCA) clearly demonstrated an approximate 60% decrease in global warming potential (GWP) relative to the conventional anode grade synthetic graphite produced from Inner Mongolia, China and an approximate 30% decrease in GWP when compared to the anode grade natural graphite in Heilongjiang Province, China. Both regions in China contain the largest operators and producers of synthetic and natural anode grade graphite in the world, accounting for 79% of worldwide production. These findings demonstrate the continued commitment by NOVONIX to be a leader in the battery sector’s clean energy transformation.