ASCENSION PARISH, La. - Capchem Technology USA Inc., a wholly owned subsidiary of Shenzhen Capchem Technology Co., announced it is evaluating plans to invest $350M to build an integrated carbonate solvent and lithium-ion battery electrolyte manufacturing facility in Ascension Parish.
The 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 company expects to create 95 direct new jobs. Louisiana Economic Development estimates the project would result in 474 indirect new jobs in the Capital Region.
The electrolyte manufacturing process blends lithium salts, carbonate solvents and functional additives to produce solvents, according to defined specifications.
Capchem board chairman Johnson Qin said: “This important step will also help us fulfill our commitment to our customers in the U.S. battery manufacturing industry ... (and to) promote localization of the lithium-ion battery supply chain in North America.
Capchem USA is a U.S. company and a subsidiary of Shenzhen Capchem Technology Co., Ltd., founded in China in 1996. It established its U.S. base in 2018.
The company estimates construction on its integrated Louisiana facilities to begin in 2025 and conclude in 2028, pending the completion of commercial agreements and regulatory approvals. (Louisiana Economic Development 11/29/23) Company Evaluating $350M EV Battery Supply Chain Facility in Louisiana - Biz New Orleans
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