Black Swan Graphene (TSX-V:SWAN) told investors that it has ordered a new production unit that will more than triple its annual graphene production capacity to 140 tonnes as part of its ongoing effort to scale up the supply of graphene-enhanced masterbatch (GEM) materials amid growing commercial engagement.
The new production unit will be installed at the company’s existing facility located at Thomas Swan & Co in the UK, Black Swan said in a commercial update on Tuesday.
The production expansion supports Black Swan’s focus on supplying graphene powder to masterbatch manufacturers, rather than producing finished products in-house.
Since launching its GEM product line in mid-2024, the company has engaged with over 40 customers or joint project partners, though it noted not all will result in sales.
The company said its strategy relies on established partners, such as Hubron International and Broadway Colours, to integrate its graphene into polymer blends.
This model aims to speed up adoption by using existing distribution networks while allowing Black Swan to concentrate on graphene production.
Feedback from industry partners, supported by independent testing, has highlighted the material’s ease of use and strong dispersion properties, according to the company.
Black Swan has also trademarked its GEM brand, allowing customers to market products as “Made with GEM™.”
Trials are ongoing across several industries, including agriculture, packaging, and consumer goods.
For example, a North American agricultural film manufacturer is testing GEM to improve strength and barrier properties in crop protection films, while a Middle Eastern water bottle producer is in final testing phases with GEM-enhanced PET and polycarbonate materials. The company is also pursuing regulatory approvals for food-contact applications.
Michael Edwards, Black Swan’s chief operating officer, expressed excitement about the company’s progress towards commercialization as its graphene gains traction in the industrial sector.
“As for many innovative products, the initial commercialization is paramount, as progress with prospective customers and production activities can provide supply security for eventual customers,” Edwards said.
“As volumes expand, not only will the company be able to compete more effectively in higher-volume applications, but lower production costs open doors to more price-sensitive markets.”
Shares of Black Swan Graphene added 10% in early Tuesday trading in the US and 4.1% in Toronto.