Redwood Materials plans to invest $3.5 billion to build a battery materials plant in South Carolina.
The factory at Camp Hall commerce park in Ridgeville, S.C., will conduct recycling, refining and remanufacturing operations to capture and produce battery materials. The company said Wednesday the plant would create about 1,500 jobs.
The plant, near Charleston, will be Redwood's second major facility. It is already recycling material at what it expects will be a more than $1.1 billion plant under construction in phases near Reno, Nev.