A north St. Louis $500 million development planned to create more than 150 jobs is now in doubt after Trump administration cuts to energy grants across the country.
The Department of Energy has rescinded a $197 million federal grant planned to help ICL Group Ltd., an Israeli company that also operates a battery plant in Carondelet, build a new plant near the north riverfront in St. Louis.
The company reported on the possibility of discontinuing the project in a Securities and Exchange Commission filing last week and estimated it could garner a $40 million investment write-off if it did. However, no final decision has been made, the report stated.
Company officials could not immediately be reached for comment Friday.
In the report to shareholders, ICL states the Department of En