Israel Chemicals Announces Major Fertilizer Expansion Program

Israel Chemicals Ltd. (ICL; Tel Aviv) has announced major expansions of capacity at the company’s ICL Fertilizers subsidiary. The company says that demand for fertilizers is growing rapidly because consumption of grains for food and animal feed is outpacing worldwide production. Rapid development of emerging economies such as Brazil, China, and India is also increasing demand for high-quality food and reducing the area per capita of arable land available for agriculture. Emerging demand for biofuels has added a “superfluous demand” for...

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