# 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.

- Type: New facility
- Announced: 2024-12-16
- Where: Chattanooga, Tennessee, United States
- Value: $755.0M
- Jobs: 450
- Starts operating: 2028
- Status: announced
- Capacity: 31,500 tonnes per annum
- Products: synthetic graphite
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [NOVONIX](https://endata.com/companies/55965.md)
- [U.S. Department of Energy](https://endata.com/companies/11453.md) (investor)

## Sources

- [ainvest.com](https://www.ainvest.com/news/australian-graphite-maker-novonix-secures-755m-loan-for-u-s-expansion-241210100bca8b7f7982611a/), 2024-12-17: "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."
- [ir.novonixgroup.com](https://ir.novonixgroup.com/news-releases/news-release-details/novonix-announces-intended-location-new-synthetic-graphite), 2025-01-06: "NOVONIX Enterprise South is expected to reach full production capacity of 31,500 tonnes per annum (“tpa”) by the end of 2028 and is anticipated to create 500 full-time jobs."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.