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Chemical Week Magazine :: Business & Finance :: Europe/Mideast

ICL Expands Potash in Spain, Eyes Polyhalite in the U.K.

6:11 AM MDT | April 22, 2011 | —kerri walsh and ian young

Israel Chemicals Ltd. (ICL; Tel Aviv) will spend €160 million ($232 million) in the first stage of a plan to expand the potash mine and processing plant of the company’s Iberpotash subsidiary at Suria, Spain. The investment also includes phasing out operations at another mine and processing unit in Spain, and entering the salt market. The goal of the plan is to lower the cost of ICL’s mining operations in the country, increase production of potash and salt products, and reduce the company’s environmental footprint. {indesign_image...

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