Israel-Based ICL Group Plans St. Louis City, Missouri, Production Operations
12/02/2024
The investment includes the construction of a large-scale commercial production plant that will manufacture lithium iron phosphate cathode active material to be used for the energy storage and electric vehicle end-markets.
“While we had initially intended to locate our state-of-the-art battery materials manufacturing plant at our existing ICL Carondelet campus, we have now selected a more suitable site in north St. Louis,” said Phil Brown, managing director of North America for ICL Group. “Our expansion into north St. Louis demonstrates our ongoing commitment to the city. While we will continue to be a good neighbor in south St. Louis, at our existing 19-acre campus, we also look forward to bringing positive economic change to north St. Louis with our new facility.”
To support the project, ICL Group will benefit from the Missouri Works program, a tool that helps companies expand and retain workers by providing access to capital through withholdings or tax credits for job creation.
“DED is proud to support ICL Group as it helps Missourians prosper through this significant expansion,” noted Michelle Hataway, Director of the Department of Economic Development. “As a global leader in specialty minerals, ICL is contributing to the ongoing growth of the St. Louis region through this major investment and job creation.”
The company is also receiving assistance from Missouri One Start, a division of the Department of Economic Development. Missouri One Start assists eligible businesses with their recruitment and training needs. The BUILD program, a program that helps companies embark on major investment and job creation expansions, was also used by the company.
“This next phase of ICL’s expansion in St. Louis adds to its already robust presence in the metro,” addedMaggie Kost, Chief Business Attraction Officer for Greater St. Louis, Inc. “Its commitment of more than half a billion dollars here, home to its North American headquarters, will not just grow high-quality jobs but expand the depth and breadth of our manufacturing capacities - and grow key industry sectors in the process.”
ICL Group Ltd, formerly known as Israel Chemicals Ltd, is engaged in the fertilizer and specialty chemical sectors. The company operates in three segments: Fertilizers, Industrial Products, and Performance Products.
“We commend ICL on its commitment to expanding in the City of St. Louis,” said Neal Richardson, President and CEO of St. Louis Development Corporation. “In addition to the 150 new full-time, well-paying manufacturing, maintenance, and support jobs that will be created by ICL’s approximately half a billion dollar investment in North City, construction of the new facility will bring more than 1,000 construction jobs over a two-year period, having a positive impact on St. Louis area contractors, diverse/minority suppliers, and the entire region.”
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