ICL Breaks Ground on $400M Battery Materials Manufacturing Plant

ICL, a global specialty minerals company, has broken ground on its new battery materials manufacturing plant in St. Louis, Missouri. The plant will be a large-scale lithium-iron phosphate (LFT) facility and likely the first in the U.S. The plant is planned to be operational in 2025 and will produce energy storage materials for electric vehicles, power storage, and clean-energy industries.

The $400 million dollar plant was funded by ICL and a $197 million U.S. Department of Energy grant. The facility will be 140,000 square feet and will produce about 30,000 metric tons of LFP as a foundation for the company’s global battery materials business. Two production lines will be built in dual phases and capable of producing 15,000 tons per year of LFP powder. The new plant is being built on ICL’s existing Carondelete campus in St. Louis.

The project to build the plant will create 800 to 900 union construction jobs, with McCarthy Building Companies being the general contractor for the build.