First Major Lithium Iron Phosphate Plant in U.S. is Coming to Missouri
- August 11, 2023
ICL Group, a global specialty minerals company, recently broke ground on its new $400 million lithium iron phosphate (LFP) plant, set to create 150 jobs in St. Louis, Missouri.
The Company, based in Tel Aviv, Israel, is playing a key role in addressing sustainability challenges across sectors like food tech, eMobility, and digital agriculture.
The 140,000-square-foot facility is projected to be the first major lithium iron phosphate (LFP) plant in the U.S. and aims to cater to the increasing needs of the energy storage, electric vehicle (EV), and clean-energy sectors for domestically produced battery materials. ICL Group’s investment is supported by a $197 million grant from the U.S. Department of Energy.
LFP is a rapidly growing battery sector known for its enhanced safety, affordability, and durability. This growth is driven by a preference for safer and more economical materials in electric vehicles and energy storage solutions.
ICL Group is a global specialty minerals company, playing a key role in addressing sustainability challenges across sectors like food tech, eMobility, and digital agriculture.