ICL Group expanding its operations in St. Louis
Expansion to create more than 150 jobs in north St. Louis City
ICL Group, a leading global specialty minerals company, recently announced its planned expansion into the North American battery materials market will be built in north St. Louis City. The company is investing approximately half a billion dollars and creating more than 150 jobs to build a large-scale commercial production plant to manufacture lithium iron phosphate (LFP) cathode active material (CAM) destined for the energy storage and electric vehicle end-markets.
ICL has a global presence with 38 production sites in 13 countries and more than 12,000 full-time employees worldwide.
“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, president of the Phosphate Specialties and 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.”
Across its three existing locations, ICL Group currently has 335 full-time employees in the St. Louis area. These locations include its North American headquarters, an R&D center in Webster Groves and a production plant in the Carondelet neighborhood. The more than 150 jobs being added as part of this expansion will pay an average wage well above the median county rate.
“ICL's expansion demonstrates how businesses are thriving in every corner of our service territory across Missouri,” said Mark Birk, president and chairman of Ameren Missouri. “As ICL's decision to grow its manufacturing base in St. Louis demonstrates, Ameren Missouri’s Smart Energy Plan continues to be instrumental in making the region more attractive for businesses while also providing reliable energy to power the needs of all customers today and tomorrow. We also welcome the new jobs that will pay additional dividends to neighborhoods and cities across the entire region.”
For this expansion, 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. 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.
For more information about ICL, please visit icl-group.com.