Northern Graphite said on Wednesday it signed a preliminary agreement with Saudi investment group Al-Obeikan to develop and operate a large-scale facility for producing battery anode materials in the Kingdom. This partnership aims to strengthen Saudi Arabia's position in the global battery production market. Northern Graphite is a key player in the graphite industry and has the necessary expertise to implement such a large-scale project. According to company representatives, the new facility will significantly contribute to the diversification of the Saudi economy and the development of the oil refining sector. It is expected that the project will create numerous jobs and attract additional investment to the region.
