The Saudi Arabia project has an after-tax net present value of $677 million at an 8% discount rate and an internal rate of return of 20.3%, the study shows. Construction and $12 million in working capital are to be funded through equity, although NextSource says it’s in debt financing discussions and would consider a joint venture.
“Developing a battery anode facility (BAF) in Saudi Arabia would position us to capitalize on the Kingdom’s robust infrastructure, strategic location along shipping routes and highly supportive business environment,” president and CEO Craig Scherba said in a release. “We are examining a number of potential locations to develop BAFs as part of our global expansion strategy.”
Petro-dollars
NextSource is banking on how Saudi Arabia has pivoted to invest billions of petroleum dollars in recent years into the next wave of energy. The country’s Vision 2030 roadmap to massively expand EV output…
