Graphene Manufacturing CEO on fuel savings & expansion
Published: 21:25 16 Mar 2025 EDT
Graphene Manufacturing Group Ltd CEO Craig Nicol talked with Proactive about the company's latest performance testing results for G®LUBRICANT, a graphene-based engine oil additive. Nicol explained that testing conducted with the University of Queensland has demonstrated an 8.5% fuel efficiency improvement in high-load conditions.
He highlighted that the additive works by reducing friction in the engine, allowing for better lubrication and fuel economy. “Thirty percent of your fuel is wasted due to piston friction, and our product addresses that issue,” Nicol stated.
The interview also covered GMG’s commercial rollout strategy, initially targeting the B2B trucking market in Australia before expanding into larger diesel fuel markets globally. Nicol emphasized that truck owners could save approximately $8,000 per year in fuel costs by using the additive.
Additionally, Nicol discussed GMG’s partnership with the Battery Innovation Center of Indiana to advance graphene aluminum-ion battery development. He noted that the company recently secured a $5 million capital raise to support product commercialization, expand production capacity, and explore a potential U.S. stock exchange listing.
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