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A Louisiana Graphite Processing Plant That Supplies Tesla to Get a $107M DOE Loan

20 Apr 2022 | Abstracted from Electrek

"The US Department of Energy’s (DOE) Loan Programs Office has announced a conditional commitment to lend up to $107 million to Syrah Technologies for its Syrah Vidalia Facility in Vidalia, Louisiana. The facility produces a finished natural graphite-based active anode material (AAM), a critical material used in lithium-ion batteries.

"The Syrah Vidalia Facility will use the money to expand its existing 50,000-square-foot facility by 180,000 square feet. It's expected to produce enough AAM for approximately 2.5 million EVs by 2040."

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