Cassidy Announces $320 Million for Louisiana Battery Material Production from the Bipartisan Infrastructure Bill
Louisiana is receiving 11% of total amount announced
WASHINGTON – U.S. Senator Bill Cassidy, M.D. (R-LA) announced Louisiana will receive $319,820,610 from his bipartisan Infrastructure Investment and Jobs Act (IIJA) to bolster U.S. battery manufacturing and compete with China.
“More good news for Louisiana coming from the Bipartisan Infrastructure Bill,” said Dr. Cassidy. “This will make batteries produced in the United States more competitive worldwide, along the way employing lots of folks here in Louisiana. It’s good for our state, good for our nation.
Specifically, Syrah Technologies LLC in Vidalia will receive $219,820,610 to expand its commercial-scale natural graphite active anode material facility and Mexichem Flour, Incorporated (dba Koura) in St. Gabriel will receive $100,000,000 to build the first U.S. manufacturing plant for lithium hexafluorophosphate on the grounds of Koura’s existing fluorochemical production site in St. Gabriel. As part of the program, Syrah and Koura will be contributing an additional $224,996,240 and $306,584,087 in private investment to their respective projects, bringing the total investment in Louisiana as a result of this program to $851,400,937.
Thanks to the bipartisan infrastructure bill funding, Koura is expected to add 80 new jobs to the St. Gabriel facility and Syrah is expected to add 221 jobs in Louisiana.
Louisiana’s share announced today constitutes 11% of the $2.8 billion in funding under IIJA to grow and strengthen the U.S. battery supply chain and increase U.S. competitiveness with China.
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