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Another One: Stimulus-Backed Battery Company Workers With No Work To Do — Playing Cards, Watching Movies, Reading Magazines

LG Chem joins the growing list of 'green' failures

LG Chem, a Korean-owned company with a battery manufacturing plant in Holland, Mich., received a $151 million grant through the federal stimulus program … sitting there and doing nothing, and it's basically on taxpayer money."  LG Chem promised in 2010 to create 443 new jobs in five years — those projections …

Obama-Promoted Battery Plant Moves to 'Rolling Furloughs' As Company Pulls Back on Jobs Projections

LG Chem received $151 million from feds, $100 million from state

Two years ago, when President Obama visited the LG Chem battery plant in Holland, it was hailed as part of the transformation of Michigan to a “green … when the company is going to be able to launch production and grow," said LG Chem Spokesman Randy Boileau. "The company has said the Holland facility will …

LG Chem: A Look Back At the Failed Predictions

Company generated more press releases than batteries

… manufacturing plants for LG Chem were going to make Michigan … a federal investigation, LG Chem is being made to repay $842,000 … credits and subsidies for LG Chem were predicted to create hundreds … officials were bullish, too. "LG Chem-Compact Power could have gone … given any tax credits yet to LG Chem. “LG Chem Michigan was awarded …

Dead Batteries

LG Chem, a battery company based in Holland, Mich., received a $151 million grant through the federal “stimulus” program and another $100 million in promised … sitting there and doing nothing, and it's basically on taxpayer money."  LG Chem is a Korean-owned company that promised in 2010 to create 443 new jobs …

Battery Maker LG Chem Is Back At Michigan’s State Subsidy Window

$189.1 million this time

… cards. The audit reported that LG Chem Michigan hadn’t produced a … successor company — now known as LG Energy Solutions — is set to … Solutions was formerly known as LG Chem Michigan. The parent company LG Chem says LG Energy Solutions was … Michigan. Back in 2010, LG Chem Michigan was celebrated as …

EV battery maker gets $189M in corporate welfare, lays off 170 employees

Mass layoffs come less than two years after incentive package

LG Energy Solutions announced this week plans to lay off 170 … announced but never created. LG Energy Solutions was created … through its parent company, LG Chem, which originally received … administration’s push for green energy. LG Chem was touted by Granholm as … previously reported that LG Chem was awarded $250 million in …

Government Funding of 'Scientific' Research

… financial struggles of Michigan “green energy” manufacturers A123 Systems and LG Chem left both state and federal taxpayers on the hook for millions of dollars. … chewing gum reduced tooth decay. Such an approach, however, resulted in the LG Chem, A123 and Solyndra debacles in the first place. Miller abjures the president’s …

Five Years Later, Granholm's Green Economic Vision has Failed to Materialize

Former governor said Michigan would be the capital of green energy

… transformation. In a June 2010 press release, Granholm declared that the company LG Chem in Holland was making Michigan “a world capital for advanced batteries.” … America.” Five years later, plans for a biogas facility in Reed City died and LG Chem was made to repay $842,000 from a federal stimulus grant after employees …

Terrible Track Record

Government's 'green' venture capitalism experiment a failure.

… be one of the biggest green failures in the country. While countless articles have been dedicated to exposing green failures like Solyndra, A123, LG Chem, Energ1 and others, Frontier, which is a part of Mascoma Corp., has received little media attention. In June, Michigan Capitol Confidential reported that …

Michigan Taxpayers to Write $100 Million Check to Korean Battery Maker

… of the South Korean battery maker LG Chem. The MEDC in effect converted the … Jennifer Granholm in May. It absolves LG Chem's American subsidiary, Compact Power, … the form of cash disbursements. LG Chem's facility is one of four such plants … their facilities to become renaissance zones. LG Chem was just the first such conversion …