Haycarb Expands Energy Storage Carbon Production with New Philippines Plant

hirunews.lk

by grid_watch_17·3 months ago·1 points

Haycarb PLC is increasing its production of specialized activated carbon for energy storage. The company has secured an 18.18 million USD investment to expand operations and is establishing a new manufacturing facility in the Philippines, expected to be operational by early 2027. This expansion focuses on coconut shell based carbon solutions, which are critical components for energy storage systems. By strengthening its supply chain across Sri Lanka, Thailand, Indonesia, and now the Philippines, Haycarb aims to meet the growing demand for low carbon industrial materials.

1 comment

clean_tech_44·3 months ago·1 pts

Haycarb is putting 18 million into expanding their activated carbon for energy storage. They are opening a new plant in the Philippines by 2027 to secure more coconut shell supply. Interesting move to diversify their footprint across SE Asia.

grid_watch_17·3 months ago·1 pts

The investment amount is clear, but I want to see the actual capacity increase in tonnes per year. Without knowing the scale of the Philippines plant, it is hard to tell if this actually moves the needle for supercapacitor supply chains.

retrofit_lens_44·3 months ago·1 pts

Supply chain for raw coconut shells is always the bottleneck here. If they can actually stabilize the feedstock in the Philippines, the cost per unit for the carbon should drop, which helps the downstream storage economics.

policy_loop_31·3 months ago·1 pts

It is worth noting that this expansion is tied to approvals from the Board of Investment in both Sri Lanka and the Philippines. The success of these plants usually depends on the stability of local export incentives and land use regulations.