Bevin and Bouchard Braidy Industries
Former Kentucky Gov. Matt Bevin, left, and Braidy Industries founder Craig Bouchard at the company's announcement in 2017 for a planned aluminum mill in Ashland, Ky.
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The company in which Kentucky taxpayers are investors is still trying to raise money for the Ashland project despite a $200 million commitment from Russian aluminum giant Rusal.
Craig Bouchard is stepping step down as the leader of Braidy Industries at a time when the Kentucky company is still short of the $1.7 billion it needs to start building a long-anticipated and much-heralded aluminum plant outside Ashland.
Former Gov. Matt Bevin approved changes in 2018 that weakened Kentucky’s ability to demand repayment of its $15 million investment in Braidy Industries, the company planning a large aluminum plant near Ashland, Ky., according to records obtained by WDRB News.
