US-based Western Magnesium Corporation said it has inked an agreement to build its first-ever eco-friendly magnesium plant in eastern Ohio.

Western Magnesium said that Harrison County was chosen over several other locations in the US to host its first green 100,000 metric ton scalable magnesium plant in a move to answer the call for higher domestic magnesium metal production.

"The plant plans on producing 10% of the world's current supply and employing over 200 full-time and 500 support personnel which will significantly further the economic development of Harrison County and the state of Ohio," the company said in a statement.

The 122-acre property lies adjacent to the future home of a modern mixed fuels power plant which could supply power to the company's clean magnesium production. Significantly, it is also close to a dolomite supply and has both rail and highway infrastructure that will carry the magnesium finished product to industries across the US, noted the company.