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November 27,2024

USD 1.3 Billion loan to ENTEK for EV battery separator plant

A loan of USD 1.3 Billion finalized by US Department of Energy’s loan to ENTEK Lithium separators to finance a plant in Indiana. Loan was offered in July, through the LPO’s Advanced Technology Vehicles Manufacturing Loan Program. LPO is set to issue millions in loans for technological update in energy transmission and the project is expected to create 763 construction jobs and 635 operational jobs.

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