Page 138 - CW E-Magazine (7-11-2023)

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INTERNATIONAL FORAY

Epsilon Advanced Materials to build its fi rst US plant

in North Carolina

Epsilon Advanced Materials Inc.
(EAM) has announced that it will build
its fi rst US plant in south-eastern North
Carolina to make synthetic graphite
anode material necessary for batteries that
power electric vehicles (EVs) and other
energy storage systems. The planned
$650-mn facility in Brunswick County,
which is expected to start-up in 2026,
will have the capacity to produce up
to 45-ktpa of graphite anode material,
when fully operational by 2031.

“Having an environmentally friendly
world-class facility in North Carolina
will allow EAM to provide synthetic
and natural graphite anodes to the grow-
ing EV battery industry faster, more which is above the current average some incentives. A portion of the state
reliably and at a competitive cost,” salary in the county of $46,464. The incentives – about $3.4-mn over 12
EAM founder and Managing Director, State and local governments have years – is contingent on EAM meeting
Mr. Vikram Handa said in a news offered more than $33-mn in economic job-creation and investment thresholds
release from State Governor’s offi ce. incentives for EAM to build the plant by the end of 2028, the document said.
in forms such as land, infrastructure The document said that EAM initially
The company said the plant is antici- improvements, training and cash pay- considered facility sites in six states,
pated to generate 500 new jobs, with ments, according to a document pre- and the other fi nalist was Jackson,
an average annual salary of $52,264, sented to a state panel that signed off on Tennessee.

CLEAN ENERGY
SJVN Green collaborates with Norwegian company,

Ocean Sun

State-owned Satluj Jal Vidyut of the India-Norway Task Force for the two countries, it added. If the pilot
Nigam (SJVN) Ltd., has announced Energy, aimed at encouraging collabo- project is successful, the two companies
that its wholly-owned green energy ration in the fi eld of new technologies would be able to scale up the techno-
subsidiary, SJVN Green Energy Ltd. in green and clean energy sector. logy along India’s huge coastline in the
(SGEL), has signed an initial agree- south.
ment with Norwegian business, Ocean As per the MoU, SGEL shall deve-
Sun, for a membrane-based fl oating lop and fi nance a pilot membrane-based Ocean Sun, which has headquar-
solar trial project in India. SJVN is fl oating solar project (about 2-MW) at ters in Oslo, Singapore, and Shanghai,
an Indian public sector undertaking a suitable location in India. For this is striving to provide a radical solution
involved in hydroelectric power gene- project, patented technological support for worldwide energy demands. It has
ration and transmission. shall be provided by Ocean Sun. The an intellectual property portfolio that
MoU shall pave the way for techno- includes patents and patent applications
The project will be under the aegis logy transfer and cooperation amongst in all key markets.

138 Chemical Weekly November 7, 2023

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