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
Identity is in everything and customers are looking to their providers to ensure the security of their identities, transactions and data. With the increased reliance on cloud-based services, service providers must build security and trust into their offerings, adding value to customers and improving the user experience. Making identity, security and privacy easy for customers provides a unique advantage over the competition.
In his session at @DevOpsSummit at 19th Cloud Expo, Yoseph Reuveni, Director of Software Engineering at Jet.com, will discuss Jet.com's journey into containerizing Microsoft-based technologies like C# and F# into Docker. He will talk about lessons learned and challenges faced, the Mono framework tryout and how they deployed everything into Azure cloud. Yoseph Reuveni is a technology leader with unique experience developing and running high throughput (over 1M tps) distributed systems with extre...
"We've discovered that after shows 80% if leads that people get, 80% of the conversations end up on the show floor, meaning people forget about it, people forget who they talk to, people forget that there are actual business opportunities to be had here so we try to help out and keep the conversations going," explained Jeff Mesnik, Founder and President of ContentMX, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
SYS-CON Events announced today that Isomorphic Software will exhibit at DevOps Summit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Isomorphic Software provides the SmartClient HTML5/AJAX platform, the most advanced technology for building rich, cutting-edge enterprise web applications for desktop and mobile. SmartClient combines the productivity and performance of traditional desktop software with the simp...
"When you think about the data center today, there's constant evolution, The evolution of the data center and the needs of the consumer of technology change, and they change constantly," stated Matt Kalmenson, VP of Sales, Service and Cloud Providers at Veeam Software, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
"There's a growing demand from users for things to be faster. When you think about all the transactions or interactions users will have with your product and everything that is between those transactions and interactions - what drives us at Catchpoint Systems is the idea to measure that and to analyze it," explained Leo Vasiliou, Director of Web Performance Engineering at Catchpoint Systems, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York Ci...
As companies gain momentum, the need to maintain high quality products can outstrip their development team’s bandwidth for QA. Building out a large QA team (whether in-house or outsourced) can slow down development and significantly increases costs. This eBook takes QA profiles from 5 companies who successfully scaled up production without building a large QA team and includes: What to consider when choosing CI/CD tools How culture and communication can make or break implementation
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 19th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world and ThingsExpo Silicon Valley Call for Papers is now open.
I wanted to gather all of my Internet of Things (IOT) blogs into a single blog (that I could later use with my University of San Francisco (USF) Big Data “MBA” course). However as I started to pull these blogs together, I realized that my IOT discussion lacked a vision; it lacked an end point towards which an organization could drive their IOT envisioning, proof of value, app dev, data engineering and data science efforts. And I think that the IOT end point is really quite simple…
Extreme Computing is the ability to leverage highly performant infrastructure and software to accelerate Big Data, machine learning, HPC, and Enterprise applications. High IOPS Storage, low-latency networks, in-memory databases, GPUs and other parallel accelerators are being used to achieve faster results and help businesses make better decisions. In his session at 18th Cloud Expo, Michael O'Neill, Strategic Business Development at NVIDIA, focused on some of the unique ways extreme computing is...
"We view the cloud not really as a specific technology but as a way of doing business and that way of doing business is transforming the way software, infrastructure and services are being delivered to business," explained Matthew Rosen, CEO and Director at Fusion, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Redis is not only the fastest database, but it is the most popular among the new wave of databases running in containers. Redis speeds up just about every data interaction between your users or operational systems. In his session at 19th Cloud Expo, Dave Nielsen, Developer Advocate, Redis Labs, will share the functions and data structures used to solve everyday use cases that are driving Redis' popularity.
Aspose.Total for .NET is the most complete package of all file format APIs for .NET as offered by Aspose. It empowers developers to create, edit, render, print and convert between a wide range of popular document formats within any .NET, C#, ASP.NET and VB.NET applications. Aspose compiles all .NET APIs on a daily basis to ensure that it contains the most up to date versions of each of Aspose .NET APIs. If a new .NET API or a new version of existing APIs is released during the subscription peri...
Organizations planning enterprise data center consolidation and modernization projects are faced with a challenging, costly reality. Requirements to deploy modern, cloud-native applications simultaneously with traditional client/server applications are almost impossible to achieve with hardware-centric enterprise infrastructure. Compute and network infrastructure are fast moving down a software-defined path, but storage has been a laggard. Until now.
"My role is working with customers, helping them go through this digital transformation. I spend a lot of time talking to banks, big industries, manufacturers working through how they are integrating and transforming their IT platforms and moving them forward," explained William Morrish, General Manager Product Sales at Interoute, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.