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Syrah Technologies

Vidalia/Central Region

The Mission 

Syrah Technologies LLC is a wholly owned subsidiary of Syrah Resources, an Australian resources company that produces natural graphite from its flagship Balama Graphite Operations in Mozambique. It seeks to be the world’s leading supplier of superior quality graphite and active anode material products, working closely with customers and the supply chain to add value in battery and industrial markets.

The Challenge

Syrah Resources wanted to capture a larger share of the fast-growing electric vehicle market by expanding its graphite processing facility in Vidalia, which produces graphite anode materials for batteries in electric vehicles and other products.

The Opportunity

Louisiana offered the company an incentive package that includes:

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Recruitment and training support from Louisiana’s workforce development program, LED FastStart, which is nationally recognized for its cutting-edge customized training techniques.

Qualified 80-percent property tax abatement for up to 10 years through the state’s Industrial Tax Exemption Program, contingent on meeting job creation and payroll commitments.

Up to a 6 percent rebate on annual payroll expenses for up to 10 years, and a 1.5 percent project facility expense rebate for qualifying expenses, through the state’s Quality Jobs program.

Recruitment and training support from Louisiana’s workforce development program, LED FastStart, which is nationally recognized for its cutting-edge customized training techniques.

Qualified 80-percent property tax abatement for up to 10 years through the state’s Industrial Tax Exemption Program, contingent on meeting job creation and payroll commitments.

Up to a 6 percent rebate on annual payroll expenses for up to 10 years, and a 1.5 percent project facility expense rebate for qualifying expenses, through the state’s Quality Jobs program.

The Outcome

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2022

Syrah announced that the company will expand its Syrah Technologies graphite processing facility in central Louisiana, giving the state a supply-chain foothold in the rapidly expanding market for electric vehicle components produced in the United States.

$176 million

capital expenditures

36

direct new jobs

52

indirect new jobs

19

retained jobs

230,000

square foot facility

2022

Syrah announced that the company will expand its Syrah Technologies graphite processing facility in central Louisiana, giving the state a supply-chain foothold in the rapidly expanding market for electric vehicle components produced in the United States.

$176 million

capital expenditures

36

direct new jobs

52

indirect new jobs

19

retained jobs

230,000

square foot facility

“Louisiana has all the right elements for the development of new technology in the manufacturing sector, including a vision for sustainable development that aligns well with Syrah’s values. Vidalia is a great community that has access to technology centers and benefits from excellent supply chain logistics optionality for this and potentially future expansions.” 

-CEO Shaun Verner

Noteworthy

  • The expansion is funded in part by a $102 million U.S. Department of Energy loan designed to support the development of domestic EV battery supply chains.
  • Watch Syrah Resources’ October 2023 update of the Vidalia expansion project.
  • Read about Syrah Technologies’ launching operations in Vidalia with plans to supply active anode material (AAM) to Tesla for EV battery production. The new facility positions the company as the first commercial-scale, natural graphite AAM supplier outside China.

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