Cyclic Materials, a leader in recycling solutions for rare earth elements, announced it selected Chesterfield County to establish the company’s first East Coast operation.
The over $82 million investment will create 90 skilled jobs, according to the South Carolina Department of Commerce.
“Our decision to invest in South Carolina reflects a deliberate strategy to grow a strong, interconnected U.S. recycling network,” said Cyclic Materials CEO and founder Ahmad Ghahreman. “By expanding our footprint in the Southeast, we are positioning Cyclic Materials closer to partners, customers, talent and infrastructure that are critical for scaling secure and circular supply chains at a national level.”
Ghahreman added, “The investment strengthens our ability to support American manufacturing, accelerate the commercialization of critical technologies, and build a more reliable and resilient domestic rare earths and critical metals ecosystem.”
Headquartered in Toronto, Canada, Cyclic Materials uses innovative technology to source rare earth elements from end-of-life products, providing an environmentally sustainable supply chain alternative.
The company’s new co-located processing and manufacturing facility, to be located in the Alligator Industrial Park in McBee, will produce copper, steel, aluminum and mixed rare earth oxide.
Operations are expected to be online in 2028. Those interested in joining Cyclic Materials should go to the company’s careers page.
The state’s Coordinating Council for Economic Development approved job development credits related to the project.
The council also awarded a $500,000 Set-Aside grant to Chesterfield County to assist with the costs of building improvements.
Comments
No comments on this item Please log in to comment by clicking here