Piedmont Lithium will invest $582M to establish a lithium hydroxide processing, refining and manufacturing facility in Southeast Tennessee.
Located in McMinn County at the North Etowah Industrial Park, a CSX and Select Tennessee Certified Site, Piedmont will create 117 new jobs in Etowah through the company’s expansion to Tennessee.
As a producer of lithium hydroxide, a critical component in the supply chain for both the electric vehicle and battery storage markets, Piedmont’s Tennessee Lithium project will support energy security in the U.S. and the transition to a clean energy economy in North America. The new manufacturing plant will utilize more environmentally responsible and economic processing technology, supporting Piedmont’s objective of becoming a large, low-cost, sustainable producer of lithium products.
Founded and headquartered in Belmont, North Carolina, Piedmont is a battery-grade lithium hydroxide producer whose U.S. investments also include the Carolina Lithium project, a proposed integrated operation located in the world-class Carolina Tin-Spodumene Belt. The company’s North Carolina and Tennessee operations, along with its equity interests in international projects, will help establish North America as a key global producer of lithium hydroxide.
Since 2018, TNECD has supported more than 50 economic development projects in the Southeast Tennessee region, resulting in approximately 7,500 job commitments and nearly $3 billion in capital investment.
Keith Phillips, CEO and president, Piedmont Lithium stated, “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.”
About the Tennessee Department of Economic and Community Development
The Tennessee Department of Economic and Community Development’s mission is to develop strategies that help make Tennessee the No. 1 location in the Southeast for high quality jobs. To grow and strengthen Tennessee, the department seeks to attract new corporate investment to the state and works with Tennessee companies to facilitate expansion and economic growth. For more information about TNECD visit tnecd.com.
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