Superior Graphite, Superior Acquisitions for Synthetic Graphite Production

We’re expanding into the advanced synthetic graphite business, and we’re doing it with a name that’s been in the game for over a century.

On September 8th, ExxonMobil entered into an agreement to acquire the technology and U.S.-based assets of Superior Graphite, along with select international offices. Superior Graphite is a leader in the graphite industry with more than 100 years of experience in graphite and materials production.

This move marks a major milestone in our strategy to build a robust, synthetic graphite supply chain—right here in the U.S.

Why synthetic graphite?

Synthetic graphite is a game-changer.

Compared to traditional mining operations, it’s less labor-intensive, more consistent in quality, and can be made with our carbon-rich feedstocks from existing refining streams. What does that mean in plain English? That we can scale faster and smarter, all while producing a better graphite than what is available in the market today. 

Powering the future

Synthetic graphite can play a critical role in the energy transition. It’s a key component in electric vehicles and battery energy stationary storage solutions. Specifically, it is used in the anode of the battery and plays a big role in total battery performance. We anticipate the demand for higher performance batteries will continue to grow, therefore also increasing demand for higher performance graphite materials.  

This isn’t a step in; it’s a full-scale launch with power and purpose. When our product enters the market, we expect it will deliver faster charging and longer life than existing graphite materials today.  

What they bring, what we bring

Superior Graphite brings deep industry know-how, valuable intellectual property and a proven process that’s expected to be:

• Less energy-intensive
• More land-efficient
• Higher throughput 

We bring the scale, the technology and the operational expertise to take it to the next level.

Together, we’re building a graphite business that supports American industry, energy security, and the critical mineral supply chain the U.S. needs to lead the energy future. 

About ExxonMobil

ExxonMobil, one of the largest publicly traded international energy and petrochemical companies, creates solutions that improve quality of life and meet society’s evolving needs.

The corporation’s primary businesses - Upstream, Product Solutions and Low Carbon Solutions – provide products that enable modern life, including energy, chemicals, lubricants, and lower emissions technologies. ExxonMobil holds an industry-leading portfolio of resources, and is one of the largest integrated fuels, lubricants, and chemical companies in the world. ExxonMobil also owns and operates the largest CO₂ pipeline network in the United States. In 2021, ExxonMobil announced Scope 1 and 2 greenhouse gas emission-reduction plans for 2030 for operated assets, compared to 2016 levels. The plans are to achieve a 20-30% reduction in corporate-wide greenhouse gas intensity; a 40-50% reduction in greenhouse gas intensity of upstream operations; a 70-80% reduction in corporate-wide methane intensity; and a 60-70% reduction in corporate-wide flaring intensity. To learn more, visit exxonmobil.com and ExxonMobil’s Advancing Climate Solutions.

Cautionary Statement

Statements of future events, aims, and aspirations in this release, including those describing the creation or expansion less energy-intensive, more land-efficient, or higher throughput synthetic graphite, are forward-looking statements. These statements are not guarantees of future corporate, market or industry performance or outcomes for ExxonMobil or society and are subject to numerous risks and uncertainties, many of which are beyond our control or are even unknown. Actual future results, including the application of new technologies to new or high-scaled industrial processes, could differ materially due to manufacturing or operating requirements; future demand for new products; global, regional, and local political or regulatory developments enhancing or limiting the attractiveness of battery storage systems or EV adoption; unforeseen technical or operating difficulties; consumer preferences and willingness to pay for reduced emission products; and other factors cited under the caption “Factors Affecting Future Results” on the Investors page of our website at exxonmobil.com. 

Public Company Information: NYSE: XOM

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