ICL has begun building a battery materials manufacturing plant in St. Louis, Missouri. According to the minerals company, this facility will be the first large-scale lithium iron phosphate (LFP) facility in the U.S. ICL will invest $400 million into the project, and received a $197 million grant from the U.S. Department of Energy. Production at the 140,000-square-foot plant will begin in 2025, and the facility is expected to produce 30,000 metric tons of LFP.
In a recent quote, Phil Brown, president of the company’s Phosphate Division and managing director of North America for ICL, said, “ICL is excited to be building the first North American, commercial-scale plant for this critical component required by the energy-storage, mobility and infrastructure end-markets, and we’re proud to make this investment in St. Louis and to create more than 150 high-paying union and professional positions in our hometown. We’re excited about the demand we are already seeing for this capacity and are looking forward to moving into this new business. Additionally, as we rapidly move ahead, we are looking forward to partnering with some of the premier participants in this exciting new industry.”
Investing in American Manufacturing - 2023
This map shows where manufacturers are choosing to invest their resources, whether they are building new production facilities or expanding existing plants.
