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MegadealsSubsidy Tracker Individual Entry
Company: ICL-IP America Inc.
Parent Company:
ICL Group
Subsidy Source: federal
State in Which Facility Is Located: Missouri
Project Description: ICL-IP America Inc. intends to build a plant in the U.S. to produce high- quality lithium iron phosphate (LFP) cathode powder for the global lithium battery industry using primarily a domestic supply chain. Using its own process technology and by acquiring licenses for certain other commercially proven processes, the plant will have two production lines built in dual phases under a single roof. Each production line will be capable of producing 15,000 tonnes per year of LFP powder. The plant will be an expansion of its existing facility in St. Louis, MO. Production will start in 33 months. The length of the project will be 60 months, resulting in a commercial and profitable manufacturing operation going forward from completion.
Year: 2022
Major Industry of Parent: chemicals
Specific Industry of Parent: specialty mineral products
Subsidy Value: $197,338,492
Program Name: Bipartisan Infrastructure Law: Battery Materials Processing and Battery Manufacturing & Recycling Funding
Awarding Agency: Department of Energy
Type of Subsidy: federal grant
Number of Jobs or Training Slots: 150
Capital Investment: $232,262,211
Source of Data:
(click here)
Notes: Year is year of award announcement. Subsidy value is federal portion of project cost. Jobs are new jobs to be created.
Source Notes: If an online information source is not working, check the Tracker
inventory page for an updated link.