ICL to reconsider closure of bromine feedstock factory
Published: Wednesday, 19 November 2014
While Israel Chemicals could find chemical feedstock for its bromine plant in the Negev desert through expanding overseas or finding a supplier, the potential for a tax concession under the Sheshinski Committee II proposals for its magnesium plant may allow the local, cheap source of material to remain open, reducing pressure on ICL’s bromine segment.
Israel Chemicals Ltd (ICL)’s
management is to reconsider its earlier decision to
close its magnesium plant in 2017, which is a significant,
vertically integrated source of cheap, feedstock material for
the company’s Dead Sea bromine plant.
If the closure...