Israel Chemicals

Israel Chemicals Ltd. (Hebrew: כימיקלים לישראל בע"מ), also known as ICL, is a multi-national manufacturing concern that develops, produces and markets fertilizers, metals and other special-purpose chemical products. ICL serves primarily three markets: agriculture, food and engineered materials.[7] ICL produces approximately a third of the world’s bromine, and is the world’s sixth-largest potash producer.[8] It is a manufacturer of specialty fertilizers and specialty phosphates, flame retardants and water treatment solutions.[9]

ICL is majority controlled by the Israel Corporation, one of the largest Israeli conglomerates.

90% of ICL's sales are exports. A major player on world markets, ICL through its subsidiaries, accounts for:[10]

ICL exports fertilizers to Europe and to numerous specialty chemical market segments. In Israel, ICL is the largest supplier of fertilizers and chemicals, as well as one of Israel's largest companies.[citation needed]

60% of ICL's raw products (minerals) are excavated in Israel. ICL also owns and operates underground mines in Spain, United Kingdom (North Yorkshire), China, the US and South America.[citation needed] Also, in Ethiopia at Danakil mine, Afar Regional State, purchased from Allana Potash Corporation.

Polysulphate is a brand name for a variety of polyhalite-based fertilizer products, used in farming. Polysulphate is derived from a polyhalite seam that lies 150–170 m (490–560 ft) beneath the potash seam at Boulby Mine, England.[11]

ICL is active in the market for plant-based meat alternatives and invested $20 million in October 2019 to expand its manufacturing capacity and R&D base. [12]

In April 2009, the company was said to be considering a bond offering to raise 500 million shekels ($122 million).[13]

ICL announced in September 2018 that it was launching a tender to buy back $800 million worth of 4.5 percent debt due in 2024 sold to bondholders in 2014.[14] The bonds of the new offer are running for 20 to 30 years.[14]