McCarthy Building Companies has been selected by ICL, a global specialty minerals company, to build a $400 million state-of-the-art lithium iron phosphate (LFP) battery materials manufacturing plant in St. Louis.
The new facility is expected to be the first commercial-scale LFP battery materials manufacturing plant in the United States and will serve as the foundation for ICL’s global battery materials business.
The 140,000-square-foot battery materials plant is expected to produce 30,000 metric tons for use in batteries that can store energy needed to run electric vehicles, charging stations or on the electric grid. ICL’s investment in the plant was augmented by a $197 million grant from the U.S. Department of Energy.
The new plant will be located on ICL’s existing Carondelet campus in St. Louis, which is recognized by the Justice40 initiative as a disadvantaged community. In addition to creating 800 to 900 union construction jobs, the new facility is estimated to create 150 high-paying union and professional jobs for ICL.
The new ICL plant reinforces McCarthy’s leading role in economic development and job growth in redeveloping the City of St. Louis with nearly $3 billion in new construction, including the $400 million plant for ICL, $1.7 billion Next NGA West, $616 million Washington University School of Medicine Neuroscience Research Building, and the 16-story inpatient hospital tower at Barnes-Jewish Hospital
