J-Star Details Baytown Battery Facility LOI; $60M Loan Progress
J-Star Holding Co., Ltd. provided additional details regarding the Letter of Intent (LOI) from the Baytown West Chambers County Economic Development Foundation (EDF) for its proposed 100MWh modular automated solid-state battery manufacturing facility in Baytown, Texas. The LOI, executed on April 14, 2026, outlines site-selection assistance, infrastructure planning, and development support, including securing a five-acre parcel and an 18-month site availability commitment. This update follows the recent authorization from the Central Bank of Taiwan for a proposed $60 million loan facility, contributing to the expected total investment of $122.5 million for the project. The company's DOE grant application remains under review.
Key Highlights
- EDF Letter of Intent (LOI) executed April 14, 2026, for Baytown facility site selection.
- LOI secures a parcel within TGS Cedar Port Industrial Park for the proposed facility.
- Facility requires a minimum five-acre site and 4,000-amp electrical service.
- EDF committed to maintaining site availability for 18 months from the LOI date.
- Taiwan Central Bank authorized a sovereign-backed financing framework for a proposed $60 million loan facility.
- Total investment for the Baytown facility is expected to be approximately $122.5 million.
- DOE grant application (DE-FOA-0003585) for the project remains "In Review".
Price Impact
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