Element 25 mulls EV battery materials facility in Louisiana
In Texas, BIC Magazine reported that Element 25, an Australian mining company, announced it is exploring plans to invest $480 million across two phases to build a high-purity manganese sulfate monohydrate production facility in Ascension Parish, in Louisiana. The new facility would be the first in the Western Hampshire to manufacture HPMSM, a critical component in electric vehicle batteries. Louisiana Economic Development estimates the project would result in an additional 408 new indirect jobs. “Louisiana’s emergence as a national leader in clean energy investment is no accident,” Governor John Bel Edwards said. “It is the result of our state’s commitment to climate action and an economic development strategy that emphasizes an all-of-the-above approach to energy. Companies like Element 25 see the strategic advantages of doing business in our state, from top-notch logistics to our skilled, dynamic workforce.” Element 25 plans to import raw materials from its Butcherbird Mine in western Australia, while many of the remaining HPMSM inputs would be sourced from Louisiana companies, according to the report.
