Business
Tirupati Presents in UK Houses of Parliament
Tirupati Presents in UK Houses of Parliament.
About this update from Total Graphite Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 9407G\n Tirupati Graphite PLC\n 01 April 2022\n \n \n \n \n \n \n \n 1 April 2022\n \n \n Tirupati Graphite plc\n \n \n ('Tirupati' or the 'Company')\n \n \n \n \n \n \n Tirupati Presents Case for support to UK Downstream Graphite Business\n \n \n in Houses of Parliament\n \n \n \n \n \n \n Tirupati Graphite plc (TGR.L, TGRHF.OTCQX), the specialist graphite and graphene company developing sustainable new age materials, was pleased to have been invited to the Graphite Roundtable of the All Parties Parliamentary Group (\"APPG\") for Critical Minerals, held at the Houses of Parliament on 30 March, chaired by Cherilyn Mackrory, MP for Truro and Falmouth.\n \n \n \n On the back of the importance of flake Graphite in energy transition and for meeting net zero targets, and the role graphene can play in the evolution of advanced materials, the key points raised by Tirupati included:\n \n \n · \n The need for the UK to secure its requirements of flake graphite in the absence of in-country sources;\n \n \n · \n The potential of UK promoting downstream processing of flake graphite in the UK for its internal consumption and export to other markets;\n \n \n · \n Suggested policy initiatives for the UK Government to support primary and downstream graphite projects being developed by UK companies, such as:\n \n \n o \n Facilitating UK companies developing flake graphite resources in Africa and other jurisdictions at project level and providing in-country support through its embassies;\n \n \n o \n Promoting the setting up of downstream flake graphite facilities in the UK and provision of subsidised land for this purpose;\n \n \n o \n Promoting investment in such UK companies by providing tax benefits;\n \n \n o \n Providing grants as a percentage of investment by UK companies for both acquiring and developing primary flake graphite in other jurisdictions and setting up downstream in the UK; and\n \n \n o \n Providing tax holidays for UK companies setting up downstream facilities in the UK.\n \n \n Christian Dennis, Non-executive Director, and Paridhi Poddar, Corporate Advisor, also presented Tirupati's existing upstream and downstream business activities and further outlined the potential for the Company to work with the UK Government and other key stakeholder...