TEL AVIV, Israel, November 24, 2014 /PRNewswire/ --
ICL Industrial Products ("ICL IP"), a segment of ICL (NYSE and TASE: ICL), today announced that it has successfully completed the chemical process start-up of a new manufacturing facility in Israel for the production of FR-122P, ICL IP's new polymeric flame retardant. Samples from the full-scale production process have been dried at ICL IP's pilot plant, found to meet required specifications of the product, and are currently being sent to customers for their evaluation. Startup activities related to the filtration and drying part of the production process have been ongoing without encountering any significant technological obstacles to date.
The recently completed production facility in Israel is currently ramping up its activities for commercial production of FR 122P. The FR-122P production facility, which will have a production capacity of 10,000MT, joins another ICL IP facility in the Netherlands which is already producing commercial quantities of FR-122P, and is expected to help ICL IP meet growing market demand.
ICL IP's FR-122P product replaces its previous flame retardant, HBCD, currently the standard used in EPS/XPS insulation foams, and which, according to European Union regulations, will be phased-out of the market by August 2015. The product is derived from a licensing agreement that Bromine Compounds Limited (a business unit of ICL IP) entered into with Dow Global Technologies LLC for the manufacture of FR-122P.
ICL and Albemarle Corporation (NYSE: ALB) previously announced a joint venture for the production of ICL's FR-122P and Albemarle's GreenCrest™ polymeric flame retardant at ICL's FR-122P plants in the Netherlands and Israel.
About ICL Industrial Products
ICL IP, one of ICL's three operating segments, manufactures and markets a broad range of industrial chemicals based on bromine, magnesia, chlorine and salts. ICL-IP's bromine-based products are life-saving components that reduce the mercury emissions of coal-burning power stations, enhance the safety of deep-water oil and gas drilling operations, and minimize the fire hazard associated with consumer electronics, automobiles, furniture, insulation, and other widely-used products. In addition, the pharmaceutical industry uses bromine as an intermediary in the manufacture of drugs for the treatment of cancer, epilepsy, heart disease and other life-threatening conditions.
ICL-IP is the industry's leading bromine company, and supplies approximately one third of the world's elemental bromine. It employs approximately 2,500 employees in Israel and throughout the world.
ICL, a global manufacturer of products based on specialty minerals that fulfill humanity's essential needs, primarily in three markets: agriculture, food and engineered materials.
The agricultural products that ICL produces help to feed the world's growing population. The potash and phosphates that it mines and manufactures are used as ingredients in fertilizers and serve as an essential component in the pharmaceutical and food additives industries. The food additives that ICL produces enable people to have greater access to more varied and higher quality food. ICL's water treatment products supply clean water to millions of people, as well as to industry around the world. Other substances, based on bromine and phosphates help to create energy that is more efficient and environmentally friendly, prevent the spread of forest fires and allow the safe and widespread use of a variety of products and materials.
ICL benefits from a broad presence throughout the world and proximity to large markets, including in emerging regions. ICL operates within a strategic framework of sustainability that includes a commitment to the environment, support of communities in which ICL's manufacturing operations are located and where its employees live, and a commitment to all its employees, customers, suppliers and other stakeholders.
ICL is a public company whose shares are dual listed on the New York Stock Exchange and the Tel Aviv Stock Exchange (NYSE and TASE: ICL). The company employs approximately 12,000 people worldwide, and its sales in 2013 totaled circa US$6.3 billion. For more information, visit the company's website at http://www.icl-group.com
Fleisher Communications and Public Relations
SOURCE ICL Industrial Products