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Energy Storage

ICL and Dynanonic to build LFP plant in Spain

by Matt Blois
January 23, 2025 | A version of this story appeared in Volume 103, Issue 2
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A joint venture between the Israeli firm ICL Group and China’s Shenzhen Dynanonic plans to build a $297 million lithium iron phosphate (LFP) plant in Spain. LFP is a cheap cathode material for batteries. ICL has also been planning an LFP plant in Missouri. That plant will use technology from the Taiwanese firm Aleees. In January, the Chinese government announced that it was considering restrictions on the export of some LFP production technologies. Such a move could complicate international collaborations like ICL’s.

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