Welcome!

News Feed Item

ICL to Implement £38 Million Project to Boost Polyhalite Production to 600,000 Tonnes a Year

UK Government to Grant £4.9 Million to ICL's CPL Subsidiary in Britain Under its Investment Promotion Programme

TEL-AVIV, Israel, April 23, 2014 /PRNewswire/ --

ICL (TASE:ICL), a global specialty minerals company that fulfills essential needs of the world's growing population in the agriculture, food and engineered materials markets, today announced that its ICL Fertilizers' subsidiary, Cleveland Potash Ltd. ("CPL"), will expand its activities to mine Polyhalite, which it markets under the name Polysulphate, at its Boulby Mine located in North East England. This follows the announcement that the UK government has approved a grant of £4.9 million for the expansion project.

CPL, a UK company owned by ICL Fertilizers, will begin implementing a £38 million investment programme designed to increase production capacity and mining of Polyhalite to around 600,000 tonnes per year, compared to its current production level of approximately 130,000 tonnes.

The investment will be made over the coming year after which ICL will evaluate the potential for a further expansion of the project. CPL is the only company mining Polyhalite today and from 2010 ICL Fertilizers began to market Polysulphate as a new fertilizer into agricultural markets.

Geological studies conducted by ICL Fertilizers indicate that there are deposits amounting to more than a billion tonnes of Polyhalite under the company's Potash mine at Boulby. The Boulby Mine, owned by ICL, is the only Potash producer in the UK and has been mining in the North East of England since 1969.

Polyhalite is a unique mineral. It is a complex salt comprising Sulphur, Potassium, Magnesium and Calcium which are all essential nutrients for crop production. Polysulphate has the additional benefit of being low in Chlorides and can be used as a specialty fertilizer suitable for fertilizing crops and agricultural land that are sensitive to chlorine. As a natural product, Polysulphate is certified and approved for use in organic farming systems.

An additional advantage of Polysulphate is its high Sulphur content (48% SO3) which means that this mineral provides a solution for Sulphur-deficient land, a growing concern for farmers in the Western world as the amount of Sulphur deposition from the atmosphere decreases. Polysulphate can be applied directly to land in its natural form or be used as raw material input for fertilizer production.

Commenting on the news, ICL Fertilizers CEO, Nissim Adar, said, "We see significant potential in increasing our production capacity and marketing of Polysulphate from CPL's mine. We are very grateful to the British government for their faith in ICL and in this project. The positive response by our customers to Polysulphate, and our expectation of increased demand for this fertilizer led us to decide to substantially increase our production."

CPL's Managing Director, Phil Baines added: "Over the last two fertilizer seasons we began to introduce Polysulphate into agricultural markets in an amount of tens of thousands of tonnes. We have been very encouraged by farmers' positive reaction which indicates a potential to sell hundreds of thousands of tonnes at an economically feasible price over the coming years. As a result, we are prepared to expand production and sales. In addition, the fact that the Polyhalite deposits are located below CPL's existing Potash workings facilitates the mining process, making it more efficient and economical to produce. These factors were the basis for our decision to invest in the expansion of our production capacity. We are very proud of our contribution towards a sustainable European agriculture alongside our important contribution to expanding employment and economic growth in the local economy. We are very grateful to the UK government for its decision to support our company, and look forward to continued cooperation to benefit the common interest of both the public and the company."

About ICL  

ICL, a global manufacturer of products based on specialty minerals that fulfill humanity's essential needs, primarily in three markets: agriculture, food and engineered materials.

The agricultural products that ICL produces help to feed the world's growing population. The potash and phosphates that it mines and manufactures are used as ingredients in fertilizers and serve as an essential component in the pharmaceutical and food additives industries. The food additives that ICL produces enable people to have greater access to more varied and higher quality food. ICL's water treatment products supply clean water to millions of people, as well as to industry around the world. Other substances, based on bromine and phosphates help to create energy that is more efficient and environmentally friendly, prevent the spread of forest fires and allow the safe and widespread use of a variety of products and materials.

ICL benefits from a broad presence throughout the world and proximity to large markets, including in emerging regions. ICL operates within a strategic framework of sustainability that includes a commitment to the environment, support of communities in which ICL's manufacturing operations are located and where its employees live, and a commitment to all its employees, customers, suppliers and other stakeholders.

ICL is a public company whose shares are traded on the Tel Aviv Stock Exchange (TASE: ICL). The company employs approximately 12,000 people worldwide, and its sales in 2013 totaled circa US$6.3 billion. For more information, visit the company's website at http://www.icl-group.com

About Cleveland Potash Ltd. 

Cleveland Potash, a subsidiary of ICL Fertilizers, is a producer and supplier of potash fertilizers for agriculture and industry uses. Cleveland Potash operates the United Kingdom's only potash mine, from which it produces over a million tons of potash for fertilizers and more than half a million tons of salt each year. Customers use Cleveland Potash's high-quality potash products for fertilizer production, as well as for glass making and applications in the chemical and pharmaceutical industries. Cleveland Potash's salt products also meet a variety of needs, from road maintenance to sugar beet cultivation, and are also used as an ingredient in animal feeds.

PRESS CONTACT
Fleisher Communications and Public Relations    
Amiram Fleisher
+972-3-6241241    
[email protected]


SOURCE ICL

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
The demand for organizations to expand their infrastructure to multiple IT environments like the cloud, on-premise, mobile, bring your own device (BYOD) and the Internet of Things (IoT) continues to grow. As this hybrid infrastructure increases, the challenge to monitor the security of these systems increases in volume and complexity. In his session at 18th Cloud Expo, Stephen Coty, Chief Security Evangelist at Alert Logic, will show how properly configured and managed security architecture can...
We’ve worked with dozens of early adopters across numerous industries and will debunk common misperceptions, which starts with understanding that many of the connected products we’ll use over the next 5 years are already products, they’re just not yet connected. With an IoT product, time-in-market provides much more essential feedback than ever before. Innovation comes from what you do with the data that the connected product provides in order to enhance the customer experience and optimize busi...
Unless you don’t use the internet, don’t live in California, or haven’t been paying attention to the recent news… you should be aware that self-driving cars are on their way to becoming a reality. I have seen them – they are real. If you believe in the future reality of self-driving cars, then continue reading on. If you don’t believe in the future possibilities, then I am not sure what to do to convince you other than discuss the very real changes that will roll out with the consumer producti...
A critical component of any IoT project is the back-end systems that capture data from remote IoT devices and structure it in a way to answer useful questions. Traditional data warehouse and analytical systems are mature technologies that can be used to handle large data sets, but they are not well suited to many IoT-scale products and the need for real-time insights. At Fuze, we have developed a backend platform as part of our mobility-oriented cloud service that uses Big Data-based approache...
See storage differently! Storage performance problems have only gotten worse and harder to solve as applications have become largely virtualized and moved to a cloud-based infrastructure. Storage performance in a virtualized environment is not just about IOPS, it is about how well that potential performance is guaranteed to individual VMs for these apps as the number of VMs keep going up real time. In his session at 18th Cloud Expo, Dhiraj Sehgal, in product and marketing at Tintri, will discu...
The increasing popularity of the Internet of Things necessitates that our physical and cognitive relationship with wearable technology will change rapidly in the near future. This advent means logging has become a thing of the past. Before, it was on us to track our own data, but now that data is automatically available. What does this mean for mHealth and the "connected" body? In her session at @ThingsExpo, Lisa Calkins, CEO and co-founder of Amadeus Consulting, will discuss the impact of wea...
Many private cloud projects were built to deliver self-service access to development and test resources. While those clouds delivered faster access to resources, they lacked visibility, control and security needed for production deployments. In their session at 18th Cloud Expo, Steve Anderson, Product Manager at BMC Software, and Rick Lefort, Principal Technical Marketing Consultant at BMC Software, will discuss how a cloud designed for production operations not only helps accelerate developer...
SYS-CON Events announced today that Enzu, a leading provider of cloud hosting solutions, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Enzu’s mission is to be the leading provider of enterprise cloud solutions worldwide. Enzu enables online businesses to use its IT infrastructure to their competitive advantage. By offering a suite of proven hosting and management services, Enzu wants companies to foc...
As the rapid adoption of containers continues, companies are finding that they lack the operational tools to understand the behavior of applications deployed in these containers, and how to identify issues in their application infrastructure. For example, how are multiple containers within an application impacting each other’s performance? If an application’s service is degraded, which container is to blame? In the case of an application outage, what was the root cause of the outage?
SYS-CON Events announced today that Ericsson has been named “Gold Sponsor” of SYS-CON's @ThingsExpo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. Ericsson is a world leader in the rapidly changing environment of communications technology – providing equipment, software and services to enable transformation through mobility. Some 40 percent of global mobile traffic runs through networks we have supplied. More than 1 billion subscribers around the world re...
SYS-CON Events announced today that Peak 10, Inc., a national IT infrastructure and cloud services provider, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Peak 10 provides reliable, tailored data center and network services, cloud and managed services. Its solutions are designed to scale and adapt to customers’ changing business needs, enabling them to lower costs, improve performance and focus inter...
The IoTs will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform. In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, will demonstrate how to move beyond today's coding paradigm and share the must-have mindsets for removing complexity from the development proc...
In his session at @ThingsExpo, Chris Klein, CEO and Co-founder of Rachio, will discuss next generation communities that are using IoT to create more sustainable, intelligent communities. One example is Sterling Ranch, a 10,000 home development that – with the help of Siemens – will integrate IoT technology into the community to provide residents with energy and water savings as well as intelligent security. Everything from stop lights to sprinkler systems to building infrastructures will run ef...
We're entering the post-smartphone era, where wearable gadgets from watches and fitness bands to glasses and health aids will power the next technological revolution. With mass adoption of wearable devices comes a new data ecosystem that must be protected. Wearables open new pathways that facilitate the tracking, sharing and storing of consumers’ personal health, location and daily activity data. Consumers have some idea of the data these devices capture, but most don’t realize how revealing and...
Much of the value of DevOps comes from a (renewed) focus on measurement, sharing, and continuous feedback loops. In increasingly complex DevOps workflows and environments, and especially in larger, regulated, or more crystallized organizations, these core concepts become even more critical. In his session at @DevOpsSummit at 18th Cloud Expo, Andi Mann, Chief Technology Advocate at Splunk, will show how, by focusing on 'metrics that matter,' you can provide objective, transparent, and meaningfu...