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Danish manufacturer Topsoe buys Chesterfield site to build $400M factory
September 19, 2024
A Danish manufacturer has locked down the site for the nine-figure factory it’s planning in Meadowville Technology Park.
Topsoe recently acquired 57 acres at 11700 Meadowville Lane and 1301 Meadowville Technology Parkway for about $5 million, according to online land records. There, the company plans to build a manufacturing facility that will produce electrolyzer cells for “clean hydrogen” fuel.
The company bought the property from the Chesterfield Economic Development Authority.
The acquisition gives Topsoe the land it needs to build a 280,000-square-foot, $400 million facility. A company spokesman said this week a construction timeline hadn’t been set for the project, but the plant is anticipated to take two years to build and would be built in a single phase of construction.
The facility itself is anticipated to cost $140 million, while its equipment is expected to cost $260 million, according to a Chesterfield staff memo.
The land deal was recorded with the county in late June. The parcels that make up the project site didn’t have an assessed value listed in online land records.
