Loading…
Hanwha Cimarron has broken ground on a $130 million factory in Opelika, Alabama, producing carbon fiber-wrapped high-pressure storage tanks. The project will create 261 new jobs, with hiring expected next spring.
Hanwha Cimarron plans to spend $51 million on a production facility in Opelika, Alabama, to make 4,000 high-pressure tanks per year. Construction is to finish in 2022.
Hanwha Solutions' newly acquired unit Hanwha Cimarron signed a 10-year, $260 million deal with Texas-based Sunbridge Energy Services to supply tube trailers with high-pressure storage tanks for compressed natural gas. The deal was announced on August 24, 2021.
Hanwha Cimarron will invest $130 million in a new factory in Opelika, Alabama, making carbon fiber-wrapped hydrogen storage tanks and pressure vessels. The project will create 261 jobs.
