ICL Improves its Environmental Profile With Conversion to Natural Gas

Published December 8th, 2009 - 02:14 GMT

ICL Improves its Environmental Profile With Conversion to Natural Gas

Use of Natural Gas Projected to Significantly Reduce Emissions (SOX, CO2 and
Particles), Demonstrating Company's Focus on Protecting the Environment

TEL-AVIV, Israel, December 7/PRNewswire-FirstCall/ --     ICL (TASE:ICL), a
multinational fertilizer and specialty
chemicals company, today announced that it has initiated the flow of natural
gas to its power plant located at Sdom in Israel's Negev Desert, the facility
which generates the majority of the electrical power required to run its
manufacturing facilities in the Negev region. Over the course of the next
several months, after the gas pipeline is connected to ICL's facilities in
Mishor Rotem and Ramat Hovav, ICL will convert all of its Negev manufacturing
facilities to the use of natural gas. The gas line will be operated by Israel
Natural Gas Lines, Israel's national gas company.

 

    ICL estimates that the conversion to natural gas will reduce
its particle emissions by 25%, including a 65%-70% reduction in the Company's
SOX emissions, leading to a substantial improvement in the air quality around
its operations and a dramatic improvement of the Company's carbon footprint.
The use of natural gas will also significantly reduce the Company's energy
costs and its dependence on heavy fuels and liquid gas, while lowering the
operating expenses of its production facilities.

 

    The upgrade of ICL's manufacturing facilities from fuel oil to
natural gas is a key step in the Company's effort to implement 'green'
operating processes, a strategy undertaken as part of ICL's focus on reducing
the environmental impact of its operations and improving operating
efficiency. It has been made possible by the completion of a gas line to the
Negev and the Company's receipt of the required governmental permits and
conversion of its facilities to operate on natural gas. In March 2008, ICL
entered into a long term agreement with Yam Tatis Partners to purchase
approximately two billion cubic meters of natural gas through 2015.


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