- 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.
- Estimated Completion: 2028
- LED news release: Nov. 29, 2023
Company website: en.capchem.com