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Company building EV battery plant in western Kentucky settles with DOJ
['Wku Public Radio']
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The federal government has reached a settlement with Ascend Elements, the company once building a massive plant in Christian County.
The project, announced in 2022, was billed as the largest economic development project in the history of Christian County.
The projected $1 billion investment was expected to create up to 400 full-time jobs and become Ascend Elements' largest U.S. operation.
Ascend filed for Chapter 11 bankruptcy protection earlier this year and the Christian County plant was purchased at auction by Turner-Kokosing Industrial Joint Venture, the construction team building the plant.
According to Christian County Judge-Executive Jerry Gilliam, Turner-Kokosing is in the process of selling the facility to a potential manufacturer.