ST. LOUIS, Mo. (KMOV) – ICL, a leading global specialty minerals company, plans to build a $400 million lithium iron phosphate (LFP) active material manufacturing facility in St. Louis, the first large-scale facility of its kind in the United States. united
The mining company was awarded $197 million in Bilateral Infrastructure Act funding from the Department of Energy, with the money going toward a new LFP manufacturing plant.
Demand for lithium batteries is growing in the United States, and there are no major manufacturers of LFP materials in the country. The plant will produce materials needed for the global lithium battery industry, which are used for lithium batteries and electric vehicles.
The LFP plant represents a significant expansion of ICL’s energy storage portfolio and demonstrates the company’s commitment to developing high-quality products specifically for agricultural, food and industrial applications. This will be LFP’s new manufacturing facility in Carondelet and is expected to be operational by 2024.
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