ST. LOUIS—A St. Louis company is expanding by building a projected $547 million electric vehicle battery parts plant in north St. Louis. 

ICL Group plans to build a new production plant along the North Riverfront. The company, with its North American headquarters in St. Louis, specializes in sustainable agriculture and industrial products.

The plant is expected to provide 150 full-time jobs. The construction will also bring more than 1,000 jobs over a two-year period. 

ICL took advantage of incentives offered by the St. Louis Development Corporation (SLDC), the City of St. Louis and many state programs.

The SLDC approved tax abatement for ICL Tuesday, saying the incentive was key to the deal since ICL had competitive offers from across the country.

The company says the expansion into north St. Louis demonstrates its 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,” says Phil Brown, president of the Phosphate Specialties and managing director of North America for ICL Group. 

Gov. Mike Parson visited ICL Group during the Trade Mission to Israel, the United Arab Emirates and Greece in November 2022. 

The company currently has 355 full-time employees at its three St. Louis-area locations. 

“This next phase of ICL’s expansion in St. Louis adds to its already robust presence in the metro,” said Maggie Kost, chief Business Attraction Officer for Greater St. Louis, Inc. in a statement. 

“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.”