Project Details
Construction begins on a new battery materials manufacturing plant in St. Louis, which is expected to be the first commercial-scale lithium iron phosphate (LFP) battery materials manufacturing facility in the United States. The facility 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.
The 140,000-square-foot battery materials plant is expected to produce 30,000 metric tons of LFP and will serve as the foundation of ICL’s global battery materials business. 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 projects for agriculture, food, energy and industrial applications.
Community
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. In addition to creating 800 to 900 union construction jobs, the new facility is estimated to create 150 high-paying union and professional positions for ICL.
ICL has engaged St. Louis-based
McCarthy Building Companies
and general contractor for the project. The new ICL plant reinforces McCarthy’s leading role in economic development and job growth in redeveloping the City of St. Louis with nearly $3 billion in new construction, including the plant for ICL, Next NGA West, Washington University School of Medicine Neuroscience Research Building, and the 16-story inpatient hospital tower at Barnes-Jewish Hospital.
Subcontractor Community Outreach
McCarthy recently hosted an outreach event for all companies interested in working on the construction of the ICL New LFP Production Plant project, especially small, minority-owned, women-owned and veteran-owned businesses.
This event was primarily for small businesses and those owned by minorities, women, and veterans. It
provided a high-level overview of the project with a discussion about the potential schedule of the project.
Objectives included:
• Understand McCarthy's Prequalification Process
• Meet and Network with the Project Team