Chesterfield County approves Cyclic Materialsproject, citing $82.6 million investment and 91 jobs

Chesterfield County Council on its December meeting approved the third reading for Project Maple Leaf, a manufacturing project led by Cyclic Materials that county economic-development staff said will invest $82.6 million and create 91 jobs.

Libby (county economic developer) introduced the project at the public hearing and said the company aims to recycle end-of-life items into critical minerals for electronics and electric vehicles. John Wall, the project's South Carolina economic development attorney, told council the development is expected to generate about $5 million in additional property-tax revenue over the first 30 years, "which is more than the property tax incentives received." He described the proposal as an $82,600,000 investment supporting 91 jobs.

Matt (the company's chief operating officer) told the council the company will "follow all the state regulations" and seek to minimize environmental impact. He said the company intends to hire locally "as a first priority" and to establish apprenticeships and training programs to develop specialized skills needed at the plant.

Residents and council members asked about road and water infrastructure, environmental safeguards, and the revenue calculations. John Wall and company representatives said the county and state have been engaged and that a joint announcement with state leaders is planned in January.

Council members approved the third reading by voice vote. No formal roll-call tally was given in the record; the meeting transcript records the motion and the unanimous vocal "aye." Council thanked economic development staff and company representatives for their work on the project.

The county's approval sets the local regulatory authorization needed for the project to proceed to the next implementation steps; company officials said they will coordinate permitting, training and community outreach in the coming weeks.