Port Louis lithium battery

Will ICL build a lithium battery factory in North Riverfront?

The global specialty minerals company ICL is set to build a more than half-billion dollar manufacturing facility for a key component in lithium batteries in the city’s North Riverfront neighborhood.

How much does ICL's new battery plant cost?

The $400 million facility is planned to be operational by 2025 and will help meet growing demand from the energy storage, electric vehicle (EV) and clean-energy industries for U.S.-produced-and-sourced essential battery materials. ICL’s investment in the plant was augmented by a $197 million grant from the U.S. Department of Energy.

Will ICL build a phosphate plant in St Louis?

The Israeli company had previously announced that it broke ground last year on a $400 million facility in the Carondelet neighborhood in south St. Louis, but the company learned that site would not be ideal for the project, said Phil Brown, president of food and phosphate specialties for ICL, during the board’s meeting.

Where is ICL battery manufacturing located?

“While we had initially intended to locate our state-of-the-art battery materials manufacturing plant at our existing ICL Carondelet campus, we have now selected a more suitable site in north St. Louis,” said Phil Brown, president of the Phosphate Specialties and managing director of North America for ICL Group.

Where is ICL building a new battery plant?

ICL Group, a leading global specialty minerals company, announced today that its planned expansion into the North American battery materials market will be built in north St. Louis City.

Who makes LFP batteries?

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.