Synthetic graphite production facility, US
Name of the Project
Synthetic graphite production facility.
Location
Chattanooga, Tennessee, in the US.
Project Owner/s
Battery metals and technology company NOVONIX.
Project Description
The facility is expected to produce about 31 500 t/y of synthetic graphite, which can support the production of lithium-ion batteries for about 350 000 electric-vehicle batteries a year.
Depending on customer demand, and additional funding, the facility will be expanded to produce 75 000 t/y of synthetic graphite.
Potential Job Creation
The project is expected to create 450 full-time operational jobs and 500 construction jobs.
Net Present Value/Internal Rate of Return
Not stated.
Capital Expenditure
NOVONIX announced a conditional commitment through the US Department of Energy’s Loan Programs Office for a direct loan of up to $754.8-million in December 2024 to be applied towards partially financing the synthetic graphite facility.
The proposed loan comprises two primary tranches that will have terms of 15 and 10 years respectively, from the date of the first payment of each.
The first tranche will be used to support the site and infrastructure for the new facility and 21 000 t/y of production. The second tranche will support an additional 10 500 t/y of production.
Planned Start/End Date
The facility is expected to reach full production capacity by the end of 2028.
Latest Developments
None stated.
Key Contracts, Suppliers and Consultants
Not disclosed.
Contact Details for Project Information
NOVONIX investors, Scott Espenshade, email ir@novonixgroup.
NOVONIX media, Stephanie Reid, email media@novonixgroup.com.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Research Reports
Projects
Latest Multimedia
Showroom
Developed to exceed the latest EN 15964 standards for police breathalysers proving that it will remain accurate and reliable for many years to come.
VISIT SHOWROOM
As a reticulator, Egoli Gas provides natural gas to homes and businesses via underground pipes.
VISIT SHOWROOM
Announcements
What's On
Subscribe to improve your user experience...
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?
Receive 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)
➕
Recieve 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
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
