https://www.miningweekly.com
Building|Concrete|Construction|Efficiency|Energy|Engineering|Fabrication|Installation|LG|Manufacturing|PROJECT|Renewable Energy|Renewable-Energy|Resources|Steel|Systems|Technology|Testing|Equipment|Manufacturing |Solutions
Building|Concrete|Construction|Efficiency|Energy|Engineering|Fabrication|Installation|LG|Manufacturing|PROJECT|Renewable Energy|Renewable-Energy|Resources|Steel|Systems|Technology|Testing|Equipment|Manufacturing |Solutions
building|concrete|construction|efficiency|energy|engineering|fabrication|installation|LG|manufacturing|project|renewable-energy|renewable-energy-company|resources|steel|systems|technology|testing|equipment|manufacturing-industry-term|solutions

Vidalia active anode material project, US – update

Image of US map/flag

28th October 2022

By: Sheila Barradas

Creamer Media Research Coordinator & Senior Deputy Editor

     

Font size: - +

Name of the Project
Vidalia active anode material (AAM) project.

Location
Vidalia, Louisiana, US.

Project Owner/s
Syrah Technologies.

Project Description
The project will add 16 722 m2 of building and processing space to its existing 4 645 m2 facility, enough to install equipment and systems for processing natural graphite into AAM used in lithium-ion batteries for the electric vehicle industry.

The initial expansion will allow for the expansion of the Vidalia AAM facility to 11 250 t/y of AAM.

Potential Job Creation
Louisiana Economic Development estimates that the project will result in 52 indirect jobs for a total of 88 new jobs in Louisiana’s central region.

Net Present Value/Internal Rate of Return
Not stated.

Capital Expenditure
$176-million.

Planned Start/End Date
Production of the 11 250 t/y AAM Vidalia facility is targeted to start in the September 2023 quarter, with an 18-month ramp-up period to the full production rate.

Latest Developments
Syrah Resources has been considered for a grant of up to $220-million from the US Department of Energy (DoE) to support the potential expansion of its Vidalia facility.

Syrah is completing a definitive feasibility study (DFS) on the expansion of Vidalia’s production capacity to 45 000 t/y of AAM, inclusive of initial capacity of 11 250 t/y of AAM. Detailed engineering, procurement and construction phases will follow the DFS sequentially, subject to Syrah board approval and customer and financing commitments.

If successfully concluded, the DoE grant will be highly attractive to Syrah and would fund a significant proportion of estimated capital costs for Vidalia’s expansion.

Syrah will now work with the DoE’s Office of Manufacturing and Energy Supply Chains, and the Office of Energy Efficiency and Renewable Energy, to negotiate and finalise a binding funding agreement for the grant, with Syrah required to satisfy certain conditions precedent before receiving the grant.

The DoE grant is a separate funding opportunity from the DoE’s Advanced Technology Vehicles Manufacturing (ATVM) loan programme, under which Syrah secured a $102-million loan facility earlier this year to support the expansion work at Vidalia.

Syrah has told shareholders that it does not expect its binding ATVM loan to be affected by a binding funding agreement for the DoE grant.

Syrah has also concluded a nonbinding memorandum of understanding (MoU) with global lithium-ion battery manufacturer LG Energy Solutions, under which the two companies will evaluate natural graphite AAM supply from the Vidalia project.

Under the MoU, Syrah and LG Energy Solutions will continue testing and qualifying Vidalia AAM and use commercially reasonable efforts to finalise a binding offtake agreement for 2 000 t/y of AAM from Vidalia, starting from 2025 and increasing to at least 10 000 t/y of AAM upon Vidalia’s expansion, by the end of December.

Syrah and LG Energy Solutions will also continue to cooperate to expand Vidalia AAM volumes and support the growing electric vehicle market.

Meanwhile, the initial expansion of the Vidalia project’s capacity to 11 250 t/y is progressing well, with detailed engineering on the project more than 89% complete, following a final investment decision in February this year.

Detailed engineering is expected to be completed in the December 2022 quarter, allowing for the required equipment fabrication and construction to progress in line with the schedule.

Procurement activities for all key construction activities and equipment are substantially complete, with contracts for more than $130-million in total installed capital costs awarded, including for major mechanical and equipment work packages. All remaining significant construction and equipment supply contracts will be awarded in the December 2022 quarter.

Construction activities in the December 2022 quarter will focus on completion of concrete foundations, mechanical and structural steel delivery, steel erection for permanent buildings, piping manufacturing, and the delivery and installation of major equipment.

Key Contracts, Suppliers and Consultants
None stated.

Contact Details for Project Information
Syrah Resources, tel +61 3 9670 7264 or email enquiries@syrahresources.com.au.

Edited by Creamer Media Reporter

Comments

Showroom

SMS group
SMS group

At SMS group, we have made it our mission to create a carbon-neutral and sustainable metals industry.

VISIT SHOWROOM 
VEGA Controls SA (Pty) Ltd
VEGA Controls SA (Pty) Ltd

For over 60 years, VEGA has provided industry-leading products for the measurement of level, density, weight and pressure. As the inventor of the...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (12/04/2024)
12th April 2024 By: Martin Creamer

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.196 0.248s - 92pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: