ENTEK has received a direct loan of up to $1.2 billion from the U.S. Department of Energy’s (DOE) Loan Programs Office (LPO) for its new lithium-ion battery-separator plant in Terre Haute, Indiana.
The company says its the the only U.S.-owned and U.S.-based producer of “wet-process” lithium-ion battery separator materials.
“For 40 years, ENTEK has been serving the battery separator component needs of its customers with a commitment to productivity and innovation that our customers require for their battery applications,” says ENTEK CEO Larry Keith. “The separator is a critical battery component responsible for the safety of the lithium batteries that we are increasingly relying on in many aspects of both our daily lives and as a country as we move to compete globally in energy storage critical to our national security.”
ENTEK announced plans to build the new plant early in 2023. Last year, it announced that it had received a conditional commitment for the DOE loan…