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Firm Chooses Louisiana for $25M Graphite Processing Site

April 30, 2018

1 Min Read
Firm Chooses Louisiana for $25M Graphite Processing Site

Australian industrial minerals and technology firm Syrah Resources plans to build a new, $25 million graphite processing plant in Vidalia, LA that will produce materials used in the automotive industry, Louisiana Economic Development (LED) announced in a press release Monday.

The 50,000-sq-ft site will manufacture graphite anode materials used in the production of batteries that power products like electric vehicles. Located near the Port of Vidalia, Syrah will import raw graphite to the plant from its operations in Mozambique.

“Syrah originally identified Louisiana as a preferred location, due to a strong manufacturing and experienced employment base, attractive utility and raw material supply opportunities, and extensive logistics network, and most importantly a focus on development from government and community,” the company’s chief executive officer, Shaun Verner, said in a statement. “All of these elements have been clearly demonstrated in the interactions we have had in Vidalia, and we are very positive about the long-term benefit of locating here.”

25 new direct jobs will be created by the opening of Syrah Resources’ new facility, and LED projects that some 30 new indirect jobs linked to the project will also become available. The company expects to commence operations at the plant some time later this year, the release said. 

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