ST. LOUIS – St. Louis will be at the forefront of a $2.8 billion expansion of domestic manufacturing of batteries for electric vehicles and the nation’s electrical grid.
A multinational chemical, fertilizer, and mineral manufacturer is making a big investment in south St. Louis, spurred on by federal investment.
ICL, formerly Israel Chemicals Ltd., will build the first lithium iron phosphate (LFP) cathode plant in the United States in the Carondelet neighborhood. The company is investing more than $232 million, with an additional $197 million coming from the U.S. Department of Energy, via the Bipartisan Infrastructure Law.
When fully matched by corporate recipients, the total investment around the country will be more than $9 billion toward American production of EV batteries.
The 120,000-square-foot St. Louis plant will be located along the River Des Peres…