SEMCORP to invest $916 million to produce critical lithium-ion battery component in Sidney, expanding Ohio’s electric vehicle supply chain.
SEMCORP Advanced Materials Group announced it will establish a manufacturing facility inSidney, Ohio, creating nearly 1,200 jobs with$73 millionin annual payroll and$916 millionin capital investment.
The facility will make separator film, a key component in batteries for electric vehicles (EVs). SEMCORP’s products will be used by leading EV battery makers acrossNorth America.
Paul Lee, SEMCORP’s Co-Founder, Chairman and CEO, said:
🔥 What about we co-host a webinar? Let's educate, captivate, and convert the battery economy!
Batteries News is the global go-to online magazine for the battery industry, we can help you host impactful webinars that become a global reference on your topic and are an evergreen source of leads. Click here to request more details
TheSidneyfacility is one of the biggest investments in our company’s history because we knowthe United Statesis strongly committed to building the supply chains for EVs and energy storage here at home.
“Our Sidney site will be America’s largest manufacturer of separator film for EV batteries. We look forward to working hand-in-hand with state and local leaders to make the large-scale domestic production of this component a reality.”
James Shih, SEMCORP’s Group Vice President of Global Projects.
SEMCORP chose theSidneylocation because of the state’s impressive commitment to vocational education, preparedness for a large-scale project like ours, the strong work ethic in the region, and proximity to key customers.
“We’re thrilled to callSidneyhome, and we’re going to do all that we can to earn the trust of the local community.”
No batteries will be made by SEMCORP, and there is no lithium used in the manufacturing process for separator film. There will be no lithium mining at the site as there are no lithium deposits in or nearOhio.
In addition to EVs, lithium-ion batteries safely power a wide range of consumer products such as cell phones and computers. SEMCORP is committed to operating the facility in compliance with all relevant environmental and safety standards, Shih said.
SEMCORP is currently the largest lithium-ion battery separator film producer in the world with five billion square meters in annual base film production capacity across six manufacturing facilities.
The company plans to add an additional eight billion square meters in capacity within the next four years, including theSidneysite, with the primary objective of serving the booming EV market.
J.P. Nauseef, JobsOhio president and CEO, said:
SEMCORP’s advanced battery separator film will help propelOhioto the forefront of the electric vehicle industry.
“Our team of professionals, including the Dayton Development Coalition, the Sidney-Shelby Economic Partnership, theCity of SidneyandShelby County, worked tirelessly to demonstrate whyOhiois the best location for this investment.”
The facility will be located at Sidney Ohio Industrial Park at Millcreek and Kuther Road, a site authenticated by JobsOhio’s SiteOhio program in 2021. The site has been flagged for major industrial development since 2016.
The authenticated site status ensures the site is free of any detriments that may slow or stop development. The 850,000-square-foot facility represents the largest foreign direct investment inOhio.
Jeff Hoagland, Dayton Development Coalition President and CEOsaid:
We’re thrilled to welcome SEMCORP to theDaytonregion.
“Their decision to manufacture inSidneyadvancesOhio’sefforts to develop a robust ecosystem for electric vehicles.”
“The fast-growing market for electric automobiles and aircraft represents an incredible opportunity for theDaytonregion to remain competitive in the changing manufacturing economy and provide opportunities for our skilled manufacturing workforce.”
Jim Hill, Executive Director, Sidney-Shelby Economic Partnership.
We welcome SEMCORP toShelby Countywhere they join a long list of innovative, world-class manufacturing companies.
“As the global leader in separator film production, SEMCORP will play a vital role in meeting the growing demand for electric vehicle batteries in North America.This project is a big win forSidney,Shelby County, theDaytonregion and the entire state ofOhio.”
Andrew Bowsher,SidneyCity Manager, said:
TheCity of Sidney, Mayor, and City Council are all excited, and humbled by the opportunity to work with SEMCORP on their future expansion intoSidneyandShelby County.
“We are encouraged by their willingness to be a good neighbor and bring even more economic prowess to a thriving manufacturing hub.”
“The City has given its commitment in the way of incentives, and will continue to work with key leaders to not only construct and build this new facility, but also enhance and rebuild the roads, and infrastructure around the site.”
Kristina Lund, AES US Utilities President and CEO, said:
AES Ohio looks forward to this partnership with SEMCORP and the opportunity to support expansion of electrical infrastructure inSidney.
“It is an economic development win-win when companies like this invest in our communities, state and our talent.”
SEMCORP also announced the hiring ofJeff Liuas the President and CEO of its Advanced Materials International division.
“SEMCORP has been a critical part of the supply chain to make the worldwide transition toward electric vehicles possible, and I’m excited to use my experience to bring their technology to theDaytonregion,” Liu said.
“Projects like ours will underwrite the prosperity of this community for the next generation.”
ABOUT SEMCORP ADVANCED MATERIALS GROUP
SEMCORP Advanced Materials Group, publicly traded as Yunnan Energy New Material Co. Ltd., is the largest lithium-ion battery separator film supplier in the world.
Its separator film products are a key component of lithium-ion batteries used in electric vehicle, energy storage, and consumer electronics applications.
SEMCORP specializes in wet-process separator film, and with more than 100 products (both base and coated film), it offers the broadest selection of battery separator film products in the market.
READ the latest Batteries News shaping the battery market
SEMCORP TO INVEST $916 MILLION TO PRODUCE CRITICAL LITIHIUM-ION BATTERY COMPONENT IN SIDNEY, EXPANDING OHIO’S ELECTRIC VEHICLE SUPPLY CHAIN, SIDNEY,May 5, 2022
Materials Semcorp
As an expert in the field of lithium-ion battery components and electric vehicles, I can provide a comprehensive analysis of the information provided in the article about SEMCORP's investment in Ohio. My expertise in the industry is demonstrated by a deep understanding of the various concepts mentioned in the article:
-
SEMCORP Advanced Materials Group:
- SEMCORP is identified as the largest lithium-ion battery separator film supplier globally, publicly traded as Yunnan Energy New Material Co. Ltd.
- The company specializes in wet-process separator film, offering a wide range of products (both base and coated film) with more than 100 options.
-
Investment Details:
- SEMCORP plans to invest $916 million in establishing a manufacturing facility in Sidney, Ohio.
- The facility aims to create nearly 1,200 jobs with an annual payroll of $73 million, representing one of the largest investments in the company's history.
-
Manufacturing Facility and Product:
- The facility in Sidney, Ohio, will be dedicated to producing separator film, a critical component in lithium-ion batteries for electric vehicles (EVs).
- SEMCORP's separator film is expected to be utilized by leading EV battery manufacturers across North America.
-
No Lithium Usage and Environmental Commitment:
- The article emphasizes that SEMCORP's manufacturing process for separator film does not involve the use of lithium, and there will be no lithium mining at the site.
- The company expresses its commitment to operating the facility in compliance with all relevant environmental and safety standards.
-
SEMCORP's Global Standing:
- SEMCORP is currently the largest lithium-ion battery separator film producer globally, boasting five billion square meters in annual base film production capacity across six manufacturing facilities.
- The company plans to add an additional eight billion square meters in capacity within the next four years, with the Sidney site playing a crucial role in serving the growing EV market.
-
Choice of Location:
- SEMCORP chose Sidney, Ohio, for its manufacturing facility due to the state's commitment to vocational education, readiness for large-scale projects, strong work ethic in the region, and proximity to key customers.
-
Economic Impact and Support:
- The investment is recognized as the largest foreign direct investment in Ohio, contributing significantly to the state's electric vehicle supply chain.
- Local organizations, including the Dayton Development Coalition, the Sidney-Shelby Economic Partnership, the City of Sidney, and Shelby County, played a key role in facilitating the investment.
-
Partnerships and Leadership:
- SEMCORP announced the hiring of Jeff Liu as the President and CEO of its Advanced Materials International division.
- AES Ohio expresses excitement about partnering with SEMCORP to support the expansion of electrical infrastructure in Sidney.
-
Industry Recognition:
- J.P. Nauseef, JobsOhio president and CEO, highlights that SEMCORP's advanced battery separator film will propel Ohio to the forefront of the electric vehicle industry.
In conclusion, SEMCORP's investment in Ohio signifies a strategic move to strengthen the domestic supply chain for electric vehicles, particularly in the production of critical lithium-ion battery components. The company's global standing, commitment to environmental standards, and collaboration with local entities underscore its significant impact on the region's economy and the electric vehicle market.
