ICL Breaks Ground on $400 Million Battery Materials Manufacturing Plant in St. Louis - Seite 2

The 140,000-square-foot facility is expected to produce 30,000 metric tons of LFP and will serve as the foundation for the company’s global battery materials business. The new plant will be located on ICL’s existing Carondelet campus in St. Louis, which is recognized by the Justice40 Initiative as a disadvantaged community.

“We’re proud to have ICL Group in Missouri and even prouder to be able to break ground on this first-of-its-kind facility in our nation right here in St. Louis,” said Missouri Governor Mike Parson. “We thank our local, state, and federal partners for helping Missouri secure this project and making our state an easy choice for ICL to grow and expand. We look forward to the company’s success and the opportunities it will offer to Missourians in the St. Louis region.”

The project will create 800 to 900 union construction positions, and ICL has engaged St. Louis-based McCarthy Building Companies as general contractor for the project. ICL is also partnering with Aleees to establish a localized, integrated and sustainable LFP supply chain for U.S.-based customers. Taiwan-based Aleees is a long-standing LFP battery material manufacturer and global IP licensor.

LFP is one of the fastest-growing sectors of the battery industry, as this technology offers superior safety at a lower cost and with a longer life. By 2031, E Source forecasts global demand for iron phosphate-based cathode active materials will reach more than 3 million tons, for a market value of more than $40 billion, due to a shift toward the safer and lower-cost cathode materials used in more affordable EVs and in energy storage solutions. The new facility represents a significant expansion of ICL’s energy-storage portfolio and demonstrates the company’s commitment to developing high-quality specialty products for agricultural, food, energy and industrial applications.

About ICL

ICL Group is a leading global specialty minerals company, which creates impactful solutions for humanity's sustainability challenges in the food, agriculture and industrial markets. ICL leverages its unique bromine, potash and phosphate resources, its global professional workforce, and its sustainability focused R&D and technological innovation capabilities, to drive the company’s growth across its end markets. ICL shares are dual listed on the New York Stock Exchange and the Tel Aviv Stock Exchange (NYSE and TASE: ICL). The company employs more than 12,500 people worldwide, and its 2022 revenues totaled approximately $10 billion.