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Biobased Chemicals
Aspen Aerogels in line for $671 million US loan
by Michael McCoy
October 20, 2024
| A version of this story appeared in
Volume 102, Issue 33
The US Department of Energy has conditionally committed to give Aspen Aerogels a loan of up to $671 million to help finance the construction of an aerogel blanket plant in Register, Georgia. The blankets are used as a protective layer within electric vehicle batteries to slow or prevent thermal runaway. Aspen says it already has contracts with carmakers including General Motors and Toyota. Along with Cabot, Aspen is one of two US makers of aerogel, an ultralight silica-based material used in insulation applications.
Chemical & Engineering News
ISSN 0009-2347
Copyright © 2024 American Chemical Society
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