U.S. finalizes $102.1 million loan to Syrah Resources for Louisiana plant


WASHINGTON — The U.S. Energy Department said Wednesday it had closed a $102.1 million loan to Syrah Technologies LLC SYR.AX for the expansion of a Louisiana facility that produces graphite-based active anode material — a key component for lithium-ion batteries for electric vehicles.

This is first loan from the Advanced Technology Vehicles Manufacturing (ATVM) Loan Program finalized since 2011, and the first ATVM loan exclusively for an automotive supply chain manufacturing project.

Products You May Like

Articles You May Like

Hasn’t Run In Years! ’60s Dune Buggy Rebuild | Roadkill Garage | MotorTrend
Roadkill Garage S5 Ep 59 FULL EPISODE – Pontiac T-37 Handling Upgrade Frustration | MotorTrend
Cheap Upgrades on Our Best Cars! | Roadkill Garage | MotorTrend
John Cena’s Engine Swapped MG | Texas Metal #shorts
Old Jeeps Restored and Offroading! | Roadkill Garage | MotorTrend

Leave a Reply

Your email address will not be published.