Written by Lindsey Tipton
Sinova Global announced the company will invest $150 million to establish its first manufacturing operations in Tiptonville, Tennessee.
Based in Canada, Sinova Global will create 140 new jobs as the company locates a new state-of-the-art silicon metal refining plant in Lake County, Tennessee’s most distressed county.
Located in the Lake County Industrial Park, a Select Tennessee Certified Site, the facility will be adjacent to Port of Cates Landing, which will help facilitate direct access to Sinova’s wholly owned quartz deposit in Golden, British Columbia. The silicon metal produced at the Tennessee plant will be supplied to major industrial consumers and used to manufacture silicon anode batteries, solar cells, semiconductors and aluminum.
Sinova Global owns a fully permitted quartz deposit in British Columbia that has more than 25 years of high purity quartz available. With multiple uses, the company’s quartz is an ideal material for manufacturing the elements that make up silicon anode batteries, solar panels and semiconductor components, once transformed into silicon metal. Sinova’s quartz is the foundation for the creation of silicon metal, which is an essential building block of the clean energy transformation.
In the last five years, TNECD has supported more than 40 economic development projects in Northwest Tennessee resulting in roughly 6,400 job commitments and $1.4 billion in capital investment.
Tennessee Governor Bill Lee stated, “All of Tennessee succeeds when rural Tennessee succeeds, and this project will be transformational for Lake County. I thank Sinova Global for choosing to invest in Tennessee and establish its first manufacturing operations here. These 150 new jobs will benefit the Tiptonville community for years to come.”
The CEO of Sinova Global, Jayson Tymko said, “Sinova is excited to join the Tennessee business community in Lake County. The huge support we have received from all levels of government was an important factor in our decision to select Tiptonville as the site for our new, state-of-the-art silicon metal plant. Tennessee’s attractive business environment, integrated supply chain, skilled workforce, and supportive regulation means we can rapidly develop our operations to supply the growing energy storage, solar power, aluminum and EV markets. We look forward to growing alongside the community as we create an essential element necessary for the clean energy transition.”
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. Website: tnecd.com. Follow on Twitter and Instagram: @tnecd. Like on Facebook: facebook.com/tnecd.
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