Mountain Media, LLC
  • West Virginia News
    • Around The State
    • By Paper
      • Mountain Messenger
      • Pocahontas Times
      • Parsons Advocate
      • Pendleton Times
      • Clay County Free Press
      • Calhoun Chronicle
      • Shinnston News
    • By County
      • Greenbrier County
      • Clay County
      • Harrison County
      • Calhoun County
      • Pocahontas County
      • Pendleton County
      • Tucker County
  • Virginia Media, INC
    • Around The State
    • By Paper
      • The Enterprise
      • Fincastle Herald
      • Henry County Enterprise
      • News Messenger
      • News Journal
      • Vinton Messenger
      • New Castle Record
      • Salem Times Register
    • By County/City
      • Botetourt County
      • Henry County
      • Radford
      • Christiansburg/Blacksburg
      • Patrick County
      • Vinton
      • Roanoke
      • Salem
      • Craig County
  • National News
  • About Us
  • Submit Content
  • Contact Us
  • Classifieds
  • Login
  • My account
Subscribe For $2.50/Month
No Result
View All Result
MM, LLC
  • West Virginia News
    • Around The State
    • By Paper
      • Mountain Messenger
      • Pocahontas Times
      • Parsons Advocate
      • Pendleton Times
      • Clay County Free Press
      • Calhoun Chronicle
      • Shinnston News
    • By County
      • Greenbrier County
      • Clay County
      • Harrison County
      • Calhoun County
      • Pocahontas County
      • Pendleton County
      • Tucker County
  • Virginia Media, INC
    • Around The State
    • By Paper
      • The Enterprise
      • Fincastle Herald
      • Henry County Enterprise
      • News Messenger
      • News Journal
      • Vinton Messenger
      • New Castle Record
      • Salem Times Register
    • By County/City
      • Botetourt County
      • Henry County
      • Radford
      • Christiansburg/Blacksburg
      • Patrick County
      • Vinton
      • Roanoke
      • Salem
      • Craig County
  • National News
  • About Us
  • Submit Content
  • Contact Us
  • Classifieds
  • Login
  • My account
No Result
View All Result
Mountain Media, LLC
  • Virginia News
  • West Virginia News
  • National News
  • Login
  • My account
  • Subscribe

Anovion, maker of graphite for electric batteries, plans $800 million factory in southwest Georgia

May 15, 2023
in WV State News
Reading Time: 2 mins read
Share on FacebookShare on Twitter

BAINBRIDGE, Ga. (AP) — A company that’s trying to become a major American-based supplier of graphite for electric batteries announced Monday it will invest $800 million to build a factory in southwest Georgia, hiring 400 workers.

Anovion Tecnologies, based in Chicago, said it would make synthetic graphite anode in Bainbridge. Production of the key ingredient for lithium ion batteries is supposed to start in 2025.

The plant would build on Georgia’s push to recruit makers of electric vehicles and their suppliers. Republican Gov. Brian Kemp said the announcement furthers his goal of making Georgia the nation’s electric mobility capital. Most battery graphite is currently made outside the United States.

Georgia economic development officials say more than 40 electric vehicle-related projects have been announced in Georgia since 2020, pledging $22 billion of investment and 28,000 jobs.

Anovion was created last year by combining the graphite businesses of two existing companies, Pyrotek and Amsted Graphite Materials, along with new investment from Monomyth Group, a private equity firm.

It has existing facilities in Sanborn, New York, and Clarksburg, West Virginia, and earlier announced plans to build a graphite factory with a 35,000-ton yearly capacity near Muscle Shoals in northwest Alabama.

Anovion won a $117 million grant under the new federal infrastructure law last year to help finance the new Alabama plant, as well as improvements at its existing New York plant.

The company was attracted by Georgia’s workforce, research universities and growing solar energy production, Anovion CEO Eric Stopka said in a statement.

“We are looking forward to providing solutions that will further secure the country’s electrified future with the support of our partners in Georgia and the federal government,” Stopka said.

Anovion executives have said they are trying to reach 150,000 tons of production in coming years, starting from almost nothing.

Synthetic graphite is made from carbon products like petroleum coke, a byproduct of oil refining, heating it up to super-high temperatures for long periods of time to refine it. Such furnaces usually require huge amounts of electricity, making power costs a key consideration in locating factories.

Anovion could claim various tax breaks including a state income tax credit allowing it to annually deduct $3,000 per job from state income taxes for five years, as long as workers make at least $31,300 a year. That could be worth $6 million. The company could also qualify for property tax breaks from Bainbridge and Decatur County.

Monday’s announcement is the second big industrial win in two years for Bainbridge, located in the far southwest corner of the state. Danimer Scientific, a maker of biodegradable plastic, announced in 2021 that it would build a $700 million factory, hiring 400 employees.

“We have always known that in order to remain competitive and to grow, we needed to diversify our industry mix,” Decatur County Commission Chairman Pete Stephens said in a statement.

ShareTweetShare

Related Posts

Pennsylvania doctor sentenced in West Virginia to 6 months in pain pill scheme

May 29, 2023

CHARLESTON, W.Va. (AP) — A Pennsylvania doctor was sentenced to six months in federal prison Thursday for his role in...

GOP-controlled Texas House impeaches Republican Attorney General Ken Paxton, triggering suspension

May 28, 2023

AUSTIN, Texas (AP) — Texas’ Republican-led House of Representatives impeached state Attorney General Ken Paxton on Saturday on articles including...

‘Anatomy of a Fall’ wins top prize at Cannes Film Festival

May 28, 2023

Justine Triet's “Anatomy of a Fall” won the Palme d'Or at the 76th Cannes Film Festival in a ceremony Saturday that bestowed...

Supercross, motocross collaboration allows SuperMotorcross to take off

May 28, 2023

Justin Barcia landed hard off a jump during the supercross Nashville race, breaking two ribs, his collarbone and right shoulder....

7-year-old child charged with arson of family home

May 27, 2023

RIPLEY, W.Va. (AP) — A 7-year-old West Virginia child has been charged with first-degree arson after intentionally setting the family...

‘I’ll gut you right here’: Man charged with threatening Little League umpire with knife

May 27, 2023

LOGAN, W.Va. (AP) — A West Virginia man has been charged with threatening a Little League baseball umpire with a...

Leave a Reply Cancel reply

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

  • My account
  • Subscribe
  • Classifieds
Call us: +1 234 JEG THEME

© 2021 Mountain Media, LLC

No Result
View All Result
  • Login
  • Sign Up
  • Cart
  • West Virginia News
    • Around The State
    • By Paper
      • Mountain Messenger
      • Pocahontas Times
      • Parsons Advocate
      • Pendleton Times
      • Clay County Free Press
      • Calhoun Chronicle
      • Shinnston News
    • By County
      • Greenbrier County
      • Clay County
      • Harrison County
      • Calhoun County
      • Pocahontas County
      • Pendleton County
      • Tucker County
  • Virginia Media, INC
    • Around The State
    • By Paper
      • The Enterprise
      • Fincastle Herald
      • Henry County Enterprise
      • News Messenger
      • News Journal
      • Vinton Messenger
      • New Castle Record
      • Salem Times Register
    • By County/City
      • Botetourt County
      • Henry County
      • Radford
      • Christiansburg/Blacksburg
      • Patrick County
      • Vinton
      • Roanoke
      • Salem
      • Craig County
  • National News
  • About Us
  • Submit Content
  • Contact Us
  • Classifieds
  • Login
  • My account

© 2021 Mountain Media, LLC

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • Sign in
  • New account

Forgot your password?

Lost your password? Please enter your email address. You will receive mail with link to set new password.

Back to login