Virginia Governor Glenn Youngkin has announced a total capital investment of $82.1 million from IperionX. This will be used to build Virginia’s first titanium demonstration facility in Halifax County.
Initially, the first phase will involve building construction, with IperionX initially occupying the 4,000+ sq. ft. Halifax Shell Building in the Southern Virginia Technology Park. In the future, however, the facility is to be expanded to more than 9,000 m². Here, however, the company has committed to using only renewable energy to produce 100% recycled titanium.
“We are very pleased to welcome IperionX to the Commonwealth. The new facility in Halifax County will be the first titanium metal powder manufacturing plant in the U.S. made from 100% recycled titanium scrap. This will make Virginia a leader in providing an important material that is essential to our advanced industries,” said Governor Glenn Youngkin. “We look forward to supporting this forward-thinking company that will build a new supply chain for titanium right here in the Commonwealth while creating quality jobs.”
“We are pleased to have selected South Boston and Halifax County as the site for our first titanium demonstration facility, which is a critical step in advancing IperionX’s goal of developing an all-American source of titanium metal. We are very grateful for the support and encouragement we have received from our partners and stakeholders in Virginia, and look forward to establishing IperionX as a leader in advanced manufacturing in our new home,” said Anastasios Arima, founder and CEO of IperionX.
“IperionX Limited provides innovative solutions to our nation’s critical materials supply chain, and we applaud them for choosing Halifax County as a location to combine their technology with the strong skills of the existing workforce,” said Linda Green, Executive Director of the Southern Virginia Regional Alliance. “Their work in several emerging industry sectors promises opportunities for Halifax workers for generations to come.”
“Dominion Energy welcomes IperionX to Virginia. We are excited about the opportunity to meet the company’s energy needs while supporting its sustainability goals,” said Felicia Howard, vice president of economic development strategy at Dominion Energy.
“I am proud that Virginia will host a state-of-the-art titanium demonstration facility that will strengthen domestic supply chains for new technologies in a forward-thinking and sustainable way, while creating jobs and opportunities in Halifax County,” said U.S. Senator Mark Warner.
To learn more about IperionX, please visit iperionx.com.