CHARLOTTE – Moving to capitalizer on growing demand for lithium batteries to power electric vehicles, Charlotte-based Cirba Solutions says it will build a recycling plant near Columbia, S.C.
The company, which recently raised $50 million in investment capital and secured a federal grant worth $75 million last year, says it will spend “more than $300 million” on the new facility.
Cirba already operates seven facilities.
More than 300 jobs will be created at the South Carolina site, which will cover more than 200 acres, the company said in Wednesday’s announcement. It’s expected to open late next year.
“The State of South Carolina and Richland County have been tremendous partners in supporting Cirba Solutions’ strategy to build a sustainable battery materials supply chain,” said David Klanecky, CEO of Cirba Solutions. “We are proud to bring this battery materials mega-site to Richland County, which will create generational jobs in the state and support an amazing community. Additionally, it shows our commitment to provide sustainably sourced and domestic battery-grade raw materials for cathode production in North America.”