A company that’s trying to become a major US-based supplier of graphite for electric batteries announced it will invest $800 million to build a factory in southwest Georgia with 400 workers.
Photo Insert: 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.
Anovion Technologies, 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 US.
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.