Graphjet Technology aims to be a global leader in generating value by producing innovative, green and low-cost graphene, graphite and graphene-based anode materials. It was incorporated in 2019 in Kuala Lumpur and has a valuation of $1.5 billion. Its patented technology to recycle palm kernel shells generated in the production of palm seed oil produces single-layer graphene and artificial graphite for electric vehicle (EV) batteries, medical devices and home appliances. Graphjet’s graphene is of higher quality than traditional graphene at a price that is 80% lower than the market and produces 70% less CO2.