• CapEx: $350 million
  • Jobs: 569 new (95 direct, 474 indirect)
  • Product: Manufacturing of EV battery components
  • Location: Ascension Parish / Capital Region
  • Project overview:
    • Capchem Technology USA Inc., a wholly owned subsidiary of Shenzhen Capchem Technology Co., announced it is evaluating plans to invest $350 million to build an integrated carbonate solvent and lithium-ion battery electrolyte manufacturing facility.
    • This project would create the largest facility of its kind in the United States and support the growth of domestic lithium-ion battery and electric vehicle supply chains.
    • The integrated facility would have the capacity to produce 200,000 tons of solvent and 100,000 tons of electrolyte annually.

Company website: en.capchem.com