Illustration of critical materials processing facility

PROJECT SUMMARY

In July 2022, the Department of Energy issued a $102.1 million loan to Syrah Technologies LLC for the expansion of its Syrah Vidalia Facility—a processing facility that produces graphite-based active anode material (AAM), a critical material used in lithium-ion batteries for electric vehicles (EVs) and other clean energy technologies. Located in Vidalia, LA, the facility would be the first of its kind in the country, bringing a key industry to the United States to support the growing EV sector.

TECHNOLOGY INNOVATION

The loan will help finance the construction of the Syrah Vidalia Facility, which is the only vertically integrated, large-scale AAM manufacturer outside of China, and the first of its kind in the United States.

ECONOMIC IMPACT

Syrah Vidalia is expected to create up to 150 construction jobs and 98 operations jobs.   

CLIMATE BENEFIT

With this expanded production capacity, the Syrah Vidalia Facility is expected to produce enough natural graphite-based AAM to support enough EVs to save 52 million gallons of gasoline annually. 

PROJECT STATISTICS: SYRAH VIDALIA

PROJECT SUMMARY

Owners Syrah Technologies, LLC
  Location Vidalia, LA
FINANCIAL SUMMARY Loan Type Direct Loan
  Loan Amount1 $102.1 Million
  Issuance Date July 2022
ECONOMIC IMPACT2 Permanent U.S. Jobs Supported 98
  U.S. Construction Jobs Supported 150
CLIMATE BENEFIT Gallons of Gasoline Saved Annually 52 Million
NOTES

All information up-to-date as of July 2022.

1 Approximate amount of the loan facility approved at closing including principal and any capitalized interest.

2 Estimated at the time of closing.

 

 

RELATED PROJECT LINKS

LPO Offers First Conditional Commitment for Critical Materials Project for Syrah Vidalia to Support Domestic EV Supply Chain
DOE’s Loan Programs Office has offered a conditional commitment to lend up to $107 million to Syrah Technologies, LLC to expand its capacity to produce critical materials for lithium-ion batteries at the Syrah Vidalia Facility in Vidalia, Louisiana
April 18, 2022
Learn more

PROJECT PHOTOS

Photo of Syrah Vidalia Facility
Syrah Technologies, LLC