ICL Group Ltd. announced it has signed a memorandum of understanding (MOU) with Aleees. As part of the understanding, Aleees will grant licensed technology on LFP to ICL and will also provide the company with technical information and support services to accelerate the development of cathode material production in the United States. Plans call for ICL to establish production of 30,000 metric tons, and also future ramp up, for LFP battery cathode materials at its manufacturing campus in St.

Louis, which is also its North American headquarters and where the company has a global R&D center.