https://www.engineeringnews.co.za
Automotive|Business|Energy|Engineering|generation|Industrial|Manufacturing|Mining|PROJECT|Projects|Road|Services|Technology|Trucks|Manufacturing
Automotive|Business|Energy|Engineering|generation|Industrial|Manufacturing|Mining|PROJECT|Projects|Road|Services|Technology|Trucks|Manufacturing
automotive|business|energy|engineering|generation|industrial|manufacturing|mining|project|projects|road|services|technology|trucks|manufacturing-industry-term

Fortescue partners with Michigan to set up Detroit battery plant

24th January 2024

By: Creamer Media Reporter

     

Font size: - +

Green energy, metals and technology company Fortescue Energy has partnered with the Michigan Economic Development Corporation (MEDC) to establish a battery plant in Detroit.

MEDC announced this week that the Michigan Strategic Fund (MSF) had approved support and incentives for Fortescue to establish a US advanced manufacturing center, which will be a major hub for its automotive and heavy industry batteries, fast chargers and electrolysers.

Fortescue plans to rehabilitate an existing facility in Detroit and prepare it for a future manufacturing and engineering workspace. 

Production is expected to start in 2025 and the site has the potential to create up to 600 jobs as product lines ramp up to 2030.

“Fortescue’s Advanced Manufacturing Center will breathe fresh life into the birthplace of the automotive industry,” comments Fortescue Energy CEO Mark Hutchinson.

“We are committed to investing in the next generation of green manufacturing projects that will help decarbonise business and heavy industry, and in turn create a strong future for manufacturing jobs in the United States,” Hutchinson added.

To support the project, the MSF approved a $9-million Michigan Business Development Program performance-based grant, a 15-year, 100% State Essential Services Assessment exemption valued at $1.3-million and State tax capture valued at $2.37-million for the reimbursement of brownfield activities at the site.

The City of Detroit Brownfield Redevelopment Authority is supporting the project through the local portion of the brownfield work plan valued at $4.25-million, and the city has offered an industrial facilities tax abatement valued at up to $7.68-million.

Fortescue through Fortescue WAE is a leader in the development and manufacture of batteries and zero emission powertrains for a wide range of applications, including motorsports, mining haul trucks, and other off-road an dautomotive applications, with production and manufacturing already based in the UK. Fortescue is also manufacturing electrolysers at a state-of-the-art facility in Queensland, Australia.

Edited by Creamer Media Reporter

Comments

 

Showroom

Showroom image
Alcohol Breathalysers

Supplier & Distributor of the Widest Range of Accurate & Easy-to-Use Alcohol Breathalysers

VISIT SHOWROOM 
John Thompson
John Thompson

John Thompson, the leader in energy and environmental solutions through value engineering and innovation, provides the following: design, engineer,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 12 April 2024
Magazine round up | 12 April 2024
12th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.23 0.288s - 160pq - 2rq
Subscribe Now