ICL Expands Further into North American Energy Storage Supply Chain by Partnering with Orbia Fluor & Energy Materials
ICL, a global specialty minerals company, has signed an MOU with Orbia Fluor & Energy Materials (OF&EM) to expand their presence in the North American battery materials supply chain. ICL's Industrial Products division will supply phosphorus trichloride (PCl3) to OF&EM for the production of LiPF6, a critical raw material for lithium-ion batteries, at OF&EM's planned St. Gabriel, La., manufacturing plant.
This partnership aims to advance electrification for transportation and stationary applications, bringing critical component production to North America. Both companies received funding from the U.S. Department of Energy in October 2022 to expand domestic battery manufacturing. The lithium-ion battery chain is expected to grow by over 30% annually from 2022 to 2030, reaching a market value of over $400 billion.
ICL, un'azienda globale di minerali speciali, ha firmato un memorandum d'intesa con Orbia Fluor & Energy Materials (OF&EM) per espandere la loro presenza nella catena di approvvigionamento dei materiali per batterie in Nord America. La divisione Prodotti Industriali di ICL fornirà tricloro fosforo (PCl3) a OF&EM per la produzione di LiPF6, una materia prima fondamentale per le batterie agli ioni di litio, presso il futuro impianto produttivo di St. Gabriel, La.
Questa partnership ha lo scopo di promuovere l'elettrificazione nei settori dei trasporti e delle applicazioni stazionarie, portando la produzione di componenti critici in Nord America. Entrambe le aziende hanno ricevuto finanziamenti dal Dipartimento dell'Energia degli Stati Uniti nell'ottobre 2022 per espandere la produzione domestica di batterie. Si prevede che la catena delle batterie agli ioni di litio crescerà di oltre il 30% all'anno dal 2022 al 2030, raggiungendo un valore di mercato superiore ai 400 miliardi di dollari.
ICL, una empresa global de minerales especiales, ha firmado un memorando de entendimiento con Orbia Fluor & Energy Materials (OF&EM) para expandir su presencia en la cadena de suministro de materiales para baterías en América del Norte. La división de Productos Industriales de ICL suministrará tricloro de fósforo (PCl3) a OF&EM para la producción de LiPF6, una materia prima crítica para baterías de iones de litio, en la futura planta de manufactura de OF&EM en St. Gabriel, La.
Esta asociación tiene como objetivo avanzar en la electrificación para aplicaciones de transporte y estacionarias, llevando la producción de componentes críticos a América del Norte. Ambas empresas recibieron financiación del Departamento de Energía de EE. UU. en octubre de 2022 para expandir la manufactura doméstica de baterías. Se espera que la cadena de baterías de iones de litio crezca más del 30% anualmente desde 2022 hasta 2030, alcanzando un valor de mercado superior a los 400 mil millones de dólares.
ICL, 글로벌 특수 광물 회사는 Orbia Fluor & Energy Materials (OF&EM)와 함께 북미 배터리 소재 공급망에서의 입지를 확대하기 위한 양해각서를 체결했습니다. ICL의 산업 제품 부문은 OF&EM이 계획 중인 세인트 가브리엘, 루이지애나 주 제조 공장에서 리튬 이온 배터리의 중요한 원자재인 LiPF6를 생산하기 위해 인화삼염기(PCl3)를 공급할 것입니다.
이번 파트너십은 교통 및 고정 애플리케이션을 위한 전기화를 촉진하는 것을 목표로 하며, 중요한 구성 요소의 생산을 북미로 가져오는 것입니다. 두 회사는 2022년 10월 미국 에너지부로부터 국내 배터리 제조 확장을 위한 자금을 받았습니다. 리튬 이온 배터리 체인은 2022년부터 2030년까지 매년 30% 이상 성장할 것으로 예상되며, 시장 가치는 4000억 달러를 초과할 것으로 보입니다.
ICL, une entreprise mondiale spécialisée dans les minéraux, a signé un protocole d'accord avec Orbia Fluor & Energy Materials (OF&EM) pour étendre leur présence dans la chaîne d'approvisionnement en matériaux de batteries en Amérique du Nord. La division Produits Industriels d'ICL fournira trichlorure de phosphore (PCl3) à OF&EM pour la production de LiPF6, une matière première essentielle pour les batteries lithium-ion, dans l'usine de fabrication prévue à St. Gabriel, La.
Ce partenariat vise à faire progresser l'électrification dans les applications de transport et stationnaires, en amenant la production de composants critiques en Amérique du Nord. Les deux entreprises ont reçu un financement du Département de l'Énergie des États-Unis en octobre 2022 pour développer la fabrication de batteries domestiques. La chaîne des batteries lithium-ion devrait croître de plus de 30 % par an de 2022 à 2030, atteignant une valeur de marché supérieure à 400 milliards de dollars.
ICL, ein globales Unternehmen für Spezialmineralien, hat ein Memorandum of Understanding mit Orbia Fluor & Energy Materials (OF&EM) unterzeichnet, um ihre Präsenz in der nordamerikanischen Lieferkette für Batteriematerialien auszubauen. Die Industrieprodukte-Sparte von ICL wird Phosphortrichlorid (PCl3) an OF&EM liefern, um LiPF6, ein kritisches Rohmaterial für Lithium-Ionen-Batterien, in dem geplanten Produktionswerk von OF&EM in St. Gabriel, La., herzustellen.
Diese Partnerschaft zielt darauf ab, die Elektrifizierung für Transport und stationäre Anwendungen voranzutreiben und die Produktion kritischer Komponenten nach Nordamerika zu bringen. Beide Unternehmen erhielten im Oktober 2022 eine Finanzierung vom US-Energieministerium zur Erweiterung der inländischen Batteriefertigung. Die Lithium-Ionen-Batteriekette wird voraussichtlich von 2022 bis 2030 jährlich um über 30% wachsen und einen Marktwert von über 400 Milliarden Dollar erreichen.
- Expansion into North American energy storage supply chain
- Partnership with Orbia Fluor & Energy Materials for LiPF6 production
- Received funding from U.S. Department of Energy for domestic battery manufacturing
- Potential growth in lithium-ion battery market (30% annually, $400 billion by 2030)
- None.
Insights
This partnership between ICL and Orbia Fluor & Energy Materials (OF&EM) marks a significant step in expanding the North American battery materials supply chain. ICL's agreement to supply phosphorus trichloride (PCl3) for LiPF6 production is important for lithium-ion battery manufacturing.
Key points:
- Strengthens domestic supply chain for critical battery materials
- Reduces reliance on imports, aligning with U.S. energy security goals
- Leverages ICL's expertise in specialty chemicals and OF&EM's fluorine technology
- Supports growing demand in EV and energy storage markets
With the lithium-ion battery market projected to grow over
For investors, this move signals ICL's commitment to diversifying its portfolio and entering high-growth markets, potentially driving long-term value creation.
This partnership represents a strategic move in the rapidly evolving energy storage landscape. By localizing the production of critical battery components, ICL and OF&EM are addressing key supply chain vulnerabilities in the North American market.
Significant implications include:
- Enhanced energy security for the U.S.
- Potential for cost reductions in battery production
- Acceleration of EV adoption and grid-scale energy storage deployment
- Competitive advantage in a market dominated by Asian suppliers
The collaboration leverages complementary strengths: ICL's expertise in phosphates and OF&EM's leadership in fluorine technologies. This synergy could lead to innovations in battery performance and safety.
For the broader energy sector, this development signals a shift towards more resilient and localized supply chains, which could reshape global competitiveness in the battery industry. Investors should watch for potential ripple effects across the entire EV and energy storage value chain.
Company signs MOU to supply key component for production of LiPF6 battery materials
This partnership allows ICL and OF&EM to work together to advance electrification for both transportation and stationary applications and to bring the production of this critical component to
“Just as our Phosphate Solutions division’s expertise in specialty phosphates helped ICL expand into LFP battery materials – first in
“Strategic partnerships, like the one between Orbia and ICL, are critical for establishing a secure and resilient domestic supply chain for various types of lithium-ion batteries,” said Miki Oljaca, vice president of the Energy Materials Business for Orbia Fluor & Energy Materials. “Our planned LiPF6 facility in
In October of 2022, both ICL and OF&EM were awarded funding from the
About ICL
ICL Group is a leading global specialty minerals company, which creates impactful solutions for humanity's sustainability challenges in the food, agriculture and industrial markets. ICL leverages its unique bromine, potash and phosphate resources, its global professional workforce, and its sustainability focused R&D and technological innovation capabilities, to drive the company's growth across its end markets. ICL shares are dual listed on the New York Stock Exchange and the Tel Aviv Stock Exchange (NYSE and TASE: ICL). The company employs more than 12,000 people worldwide, and its 2023 revenues totaled approximately
For more information, visit ICL's website at icl-group.com.
To access ICL's interactive CSR report, visit icl-group-sustainability.com.
You can also learn more about ICL on Facebook, LinkedIn, YouTube, X and Instagram.
About Orbia
Orbia Advance Corporation, S.A.B. de C.V. (BMV: ORBIA*) is a company driven by a shared purpose: to advance life around the world. Orbia operates in the Polymer Solutions (Vestolit and Alphagary), Building & Infrastructure (Wavin), Precision Agriculture (Netafim), Connectivity Solutions (Dura-Line) and Fluor & Energy Materials (Koura) sectors. The five Orbia business groups have a collective focus on ensuring food and water security, expanding information access and connectivity and advancing decarbonization and the energy transition with basic and advanced materials, specialty products and innovative solutions. Orbia has a global team of over 24,000 employees, commercial activities in more than 100 countries and operations in over 50, with global headquarters in
About Orbia Fluor & Energy Materials
Orbia’s Fluor & Energy Materials business is a global leader in the development, manufacture and supply of Fluoroproducts that play a fundamental role in enhancing everyday lives and shortening the path to a sustainable, circular economy. Backed by over 35 years of experience, Orbia Fluor & Energy Materials’ products are used in a vast range of applications including electric vehicles and energy storage, urban and rural infrastructure, indoor climate management, food and medicine refrigeration and even in treating respiratory conditions through the development of healthy and innovative low-GWP propellants for metered dose inhalers. Orbia Fluor & Energy Materials has 1,600 employees and 13 manufacturing facilities worldwide, serving 60 countries through a global sales and distribution network.
Forward Looking Statements
This announcement contains statements that constitute forward‑looking statements, many of which can be identified by the use of forward‑looking words such as “anticipate,” “believe,” “could,” “expect,” “should,” “plan,” “intend,” “estimate” and “potential,” among others. It also refers to a memorandum of understanding (MOU), which provides a framework for the companies to negotiate a definitive agreement.
Forward-looking statements appear in this press release and include, but are not limited to, statements regarding the company’s intent, belief or current expectations. Forward-looking statements are based on management’s beliefs and assumptions and on information currently available to management. Such statements are subject to risks and uncertainties, and actual results may differ materially from those expressed or implied in the forward-looking statements due to various factors, including, but not limited to: estimates, forecasts and statements as to management's expectations with respect to, among other things, business and financial prospects, financial multiples and accretion estimates, future trends, plans, strategies, positioning, objectives and expectations, general economic, market and business conditions, supply chain and logistics disruptions, energy storage and electric vehicle growth, the potential for new COVID-19 variants, global unrest and conflict, governmental and regulatory requirements and actions by governmental authorities, including changes in government policy, changes in environmental, tax and other laws or regulations and the interpretation thereof, and war or acts of terror and/or political, economic and military instability in
Forward-looking statements refer only to the date they are made, and the company does not undertake any obligation to update them in light of new information or future developments or to publicly release any revisions to these statements in order to reflect later events or circumstances or to reflect the occurrence of unanticipated events.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240925456292/en/
Investor and Press Contact – Global
Peggy Reilly Tharp
VP, Global Investor Relations
+1-314-983-7665
Peggy.ReillyTharp@icl-group.com
Investor and Press Contact -
Adi Bajayo
ICL Spokesperson
+972-3-6844459
Adi.Bajayo@icl-group.com
Orbia Fluor & Energy Materials Media Contact
Amanda Rouse
OF&EM Spokesperson
+44(0) 7980 196 0090
Amanda.rouse@Orbia.com
Source: ICL Group LTD
FAQ
What is the purpose of ICL's MOU with Orbia Fluor & Energy Materials?
How does this partnership benefit ICL's expansion in the battery materials market?
What is the projected growth of the lithium-ion battery market according to the ICL press release?
Did ICL receive any government support for its battery materials expansion?
