NOVONIX secures $755M DOE loan for synthetic graphite plant in Tennessee

NOVONIX received a conditional commitment for a $755 million loan from the U.S. Department of Energy to build a synthetic graphite manufacturing plant in Chattanooga, Tennessee, with initial capacity of 31,500 tonnes per annum, creating 450 operational jobs.

“NOVONIX has received a conditional commitment for a $755 million loan from the U.S. Department of Energy (DOE) to finance the construction of a new synthetic graphite manufacturing plant in Chattanooga, Tennessee.”ainvest.com

• 2 sources
• ainvest.comAustralian Graphite Maker NOVONIX Secures $755M Loan for U.S. ExpansionEli GrantDec 17, 2024
• ir.novonixgroup.comNOVONIX Announces Intended Location for New Synthetic Graphite Manufacturing Plant in the Enterprise South Industrial Park in Chattanooga, Tennessee - NOVONIX LimitedJan 6, 2025

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