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

Behind the Scenes of 2013 SUV of the Year – Wide Open Throttle Episode 36
We’ve Got a C8!—2020 Chevy Corvette C8 First Test | MotorTrend
First Generation MX5 in Mint Condition! | Car Issues with Tyler Hoover
Nebraska Sand Hills & Water Crossing! Part 1 – 2014 Ultimate Adventure Week
Hot Rod Cover Cars featured for the first time ever at Pebble Beach

Leave a Reply

Your email address will not be published. Required fields are marked *