POSCO Holdings Inc. (PKX) is enhancing its battery materials strategy through its subsidiary, POSCO Future M, by developing natural graphite anode materials using methane gas as an alternative carbon source. The company signed a memorandum of understanding with U.S.-based Molten to jointly develop key raw materials for this process, which thermally decomposes methane into hydrogen and solid carbon.
This innovative approach aims to replace conventional coal and petroleum-based feedstocks, significantly lowering the carbon intensity of graphite production while improving scalability. By utilizing methane, POSCO Future M plans to support sustainable EV battery supply chains and diversify supply away from China-dominated graphite markets. The company anticipates that this method will enhance cost competitiveness due to methane’s relative abundance.
Shares of PKX have increased by 12.5% over the past year, outperforming the industry average decline of 4.1%.
