With battery electric vehicles poised to become a key part of the future of logistics, state governments are busy attracting new businesses to secure assets that are a part of the new era.
Governor Lee welcomes Piedmont Lithium; Battery supply chain has new link in Tennessee
On Thursday, September 1, Tennessee Governor Bill Lee and Department of Economic and Community Development Commissioner Stuart McWhorter welcomed Piedmont Lithium. They announced a $582 million lithium hydroxide processing, refining and manufacturing facility in the new North Etowah Industrial Park.
“We are excited to announce the site of our newest project and partnership with the City of Etowah, McMinn County and the State of Tennessee as we advance our strategic goal of becoming a leading lithium supplier to the U.S. We are humbled by the warm welcome we have received from our new partners, and we look forward to making Piedmont an integral part of the Etowah and McMinn County communities as we develop Tennessee Lithium together for our mutual success.”
Keith Phillips, Piedmont Lithium CEO and President to WATE.com
The new project will be a part of the new Select Tennessee site that is over 270 acres and was valued at $12,000 per acre. It is about a mile from US 411 and TN-30, and has a CSX railway connection.
Truckers will know the area from the growing industrial base in the town of Etowah. US 411 is parallel to I-75 running from the Chattanooga area to the South Knoxville neighborhood.
Lithium is the new gold rush
It seems every major city is getting some form of battery component infrastructure. With this big push toward electric vehicles by the government, it’s becoming the new gold rush.
Subsidies from various government agencies are helping to develop the key components of the battery supply chain. From raw material harvesting, processing and production facilities, to distribution and recycling centers, the new age of battery electric vehicles is being born.
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