Israel Chemicals (ICL) is looking to sell off subsidiaries and assets with “low synergies” worth at least $500 million, Chairman Johanan Locker said on Thursday.
Locker, speaking at an investors’ conference, did not elaborate on which assets ICL — one of the world’s largest suppliers of crop nutrient potash — would divest.
He said ICL, which has been hurt by a drop in potash prices, was looking to create available sources of financing for further investments and also to lower debt.
The board, he noted, was formulating a new strategy to guide the future plans and operations of the company to grow ICL’s specialty solutions division and further strengthen the competitiveness of its commodity assets.
By Steven Scheer
CF Industries Holdings, Inc. (NYSE: CF) today announced that it has closed its acquisition of Incitec Pivot Limited’s (“IPL”) ammonia production complex located in Waggaman, Louisiana. Under the terms of the agreement, CF Industries purchased the Waggaman ammonia plant and related assets for $1.675 billion, subject to adjustments.
The Virgin Atlantic flight was powered entirely by SAF, that was a drop-in replacement for conventional jet fuel, but made solely from sustainable feedstocks. This was enabled through the inclusion of a new bio-based aromatic jet fuel blending component.
Cepsa SA (Madrid) has agreed a deal with C2X, an independent firm owned by AP Moller Holding with AP Moller-Maersk as minority owner, to develop a 300,000 metric tons per year renewable methanol plant at Huelva, Spain.