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The incentive package was structured as an interest-free forgivable loan, according to the contract between the Kentucky Economic Development Finance Authority and BlueOval SK.
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The nearly $6 billion BlueOval SK battery park is hard to miss from Interstate 65, just past the Glendale exit in Hardin County. The massive twin plants, Kentucky 1 and Kentucky 2, each measure 4 million square feet.
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Before BlueOval SK's massive battery plant can begin production, hundreds of employees are in training and learning the ropes of EV battery production.