Governor Applauds Release of Federal Stimulus Resources for Production of Next Generation Batteries

Press Release

Governor Applauds Release of Federal Stimulus Resources for Production of
Next Generation Batteries

Columbus, Ohio - Ohio Governor Ted Strickland today applauded the Obama administration for the announcement that two businesses, TOXCO, Inc. and BASF have Ohio projects that are among 48 across the country that will receive federal stimulus grants for advanced battery and electrical vehicle manufacturing.

The two projects, which will be located in Lancaster and Elyria, are part of a $2.4 billion highly competitive grant program managed by the Ohio Department of Energy and created under the American Recovery and Reinvestment Act - Electric Drive Vehicle Battery and Component Manufacturing Initiative.

"These investments will boost our economy by creating clean energy jobs and helping revitalize the manufacturing sector of our state," Strickland said. "I am grateful to President Barack Obama and members of the Ohio Congressional delegation for including an investment in new battery technologies in the federal stimulus package. In particular, Congresswoman Betty Sutton was a leader in advocating for the new BASF facility in her congressional district. These investments will benefit our economy and environment. I look forward to working with both companies as they grow and expand in Ohio."

BASF, the world's leading chemical company, will receive a $24.6 million grant to be used for the construction of a new lithium-ion battery materials production facility in Elyria.

"BASF's production of lithium-ion battery materials in Elyria will boost Ohio's historically robust auto industry and benefit our environment through the production of more fuel efficient vehicles," Strickland said. "I have no doubt that BASF will find a skilled, dedicated workforce in Lorain County, as well as the support and collaboration from the State of Ohio that will allow them to grow and be successful here."

TOXCO, Inc. will receive $9.5 million for the construction of a new plant adjacent to its existing Lancaster facility. This plant will utilize state-of-the-art technology for refurbishing and recycling batteries from hybrid and electric vehicles. This investment is expected to create 35 jobs.

"With these resources, TOXCO will be able to construct another facility in Lancaster, which will use new and innovative technologies to transition old materials into new, recycled batteries," Strickland said. "This technology utilizes the strong manufacturing skills of Ohio workers while serving as a model for sustainability."

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