U.S. finalizes $102.1 million loan to Syrah Resources for Louisiana plant

WASHINGTON — The U.S. Energy Department reported Wednesday it experienced closed a $102.1 million loan to Syrah Systems LLC SYR.AX for the enlargement of a Louisiana facility that makes graphite-primarily based energetic anode product — a crucial ingredient for lithium-ion batteries for electric powered autos.

This is initially financial loan from the State-of-the-art Technological know-how Cars Producing (ATVM) Bank loan Method finalized considering that 2011, and the initially ATVM financial loan completely for an automotive offer chain production venture.

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