Epsilon Advanced Materials (EAM) plans to invest $650 million in the US to establish a 50,000 TPA synthetic graphite anode manufacturing facility to supply high-capacity anode materials produced through green technologies. The proposed facility will provide critical battery materials to power more than one million electric vehicles, a communication from the company stated.
EAM will produce high-capacity synthetic anode materials through this facility, customised for specific cell chemistries. It is expected to generate more than $500 million in revenue at full capacity by 2031. EAM will generate more than 1,500 direct & indirect employment opportunities at this facility, which is expected to be commissioned by 2026.
The company is evaluating multiple locations across the US for the proposed facility, subject to regulatory approvals, environmental permits and State and local incentive agreements. It has already signed strategic supply agreements with local raw material suppliers and transport partners to create a seamless supply chain network with a focus on minimising carbon emissions and reducing transportation costs.
Vikram Handa, Founder and MD, Epsilon Advanced Materials, noted that the battery value chain is a critical enabler to electric mobility adoption, and the company aims to channelise its efforts to localise the battery manufacturing ecosystem.
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