Orion S.A. (NYSE: OEC) recently broke ground on a plant in Texas that will be the sole facility in the United States producing acetylene-based conductive additives for lithium-ion batteries and other applications critical to the global transition to electrification.
The location in La Porte, southeast of Houston, will generate much high-skilled employment in construction and technological areas, as well as contribute breakthrough technology to the American economy. The battery additives manufactured by Orion's facility will be extremely clean, with one-tenth the carbon footprint of other regularly used materials.
The plant in La Porte will be a critical step in increasing the regional supply of conductive additives in the rapidly expanding U.S. battery market. All batteries require conductive additives. They allow for a more efficient flow of electricity and improve the life of lithium-ion batteries, the most valuable component ...