• CapEx: $176 million
  • Jobs: 88 new (36 direct, 52 indirect), 150 construction
  • Product: Graphite processing for electric vehicle battery components
  • Location: Vidalia, Concordia Parish / Central Region
  • Project overview:
    • Expansion will add 180,000 square feet for equipment and systems for processing graphite into anode material used in electric vehicle batteries.
    • A Syrah Resources subsidiary signed an agreement in December 2021 to supply graphite to electric carmaker Tesla Inc.
    • Syrah Vidalia facility is the first battery-grade natural graphite active anode material supplier in the U.S. The project gives Louisiana a supply-chain foothold in the rapidly expanding market for electric vehicle components.
    • On Oct. 20, 2022, the U.S. Department of Energy selected Syrah for a $220 million grant to finance an additional facility expansion, on top of the $102.1 million DOE loan to help finance the initial expansion.

Company website: SyrahResources.com.au