$400 million lithium battery plant is coming to St. Louis

New large-scale manufacturing plant coming to St. Louis
Published: Oct. 19, 2022 at 2:26 PM CDT
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ST. LOUIS, Mo. (KMOV) - ICL, a leading global specialty minerals company, plans to build a $400 million lithium iron phosphate (LFP) cathode active material manufacturing plant in St. Louis- and it will be the first large-scale plant of its kind in the United States.

The company was awarded $197 million through the Bipartisan Infrastructure Law Funding from the Department of Energy, and the money will go toward the new LFP manufacturing plant. ICL has factories all around the world, including one in South City in Carondelet that opened last year and makes plant-based meat substitutes.

The money will be used to expand this location to make materials for lithium batteries. The United States does not have large-scale manufacturers of LFP materials.

This new LFP manufacturing plant is expected to be operational by 2024 and will add more than 150 manufacturing jobs as part of the expansion.