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Novonix outlines $1 billion expansion at Enterprise South; council hears proposed 15-year PILOT and community-benefit commitments
Summary
Novonix proposed a $1 billion greenfield expansion at Enterprise South that the company and city staff said would create roughly 500 full-time jobs; staff outlined a 15-year declining PILOT proposal and dedicated economic-development fees to support workforce and infrastructure needs.
Novonix, a battery materials and technology company operating in Chattanooga since 2017, presented details on a proposed expansion to be sited at Enterprise South Industrial Park during the City Council meeting on Jan. 7.
Why it matters: The project would be among the largest private investments proposed in the area and includes a long-term PILOT (Payment-In-Lieu-of-Taxes) request that the city and county would consider alongside community-benefit commitments and workforce-development provisions.
Company overview and project summary: Darcy McDougall, chief operating officer for Novonix, told the council the company manufactures synthetic graphite used in lithium-ion batteries and is pursuing a greenfield plant on approximately 182 acres at Enterprise South. Novonix said the project would support an initial target of 20,000 tonnes per year at existing facilities and could expand capacity to 30,000 tonnes by 2028, with potential further expansion. The Phase 1 greenfield project was described with an estimated total capital investment of $1,000,000,000 (real property $450 million; personal…
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