Tel Aviv — Israel Chemicals Ltd. (ICL) is planning to build three fertilizer plants in Ethiopia, the company confirmed. ICL said that it is in discussions with the Ethiopian government about the construction of three or more fertilizer blending plants. The talks with the Ethiopian government come on the heels of a decision by ICL last month to purchase the outstanding shares of Allana Potash Corp. for $C137 million (GM March 30, p. 1). ICL already held a 16 percent stake in the junior company, as well as a potash offtake agreement. Allana has been focused on producing potash and potassium sulfate in Ethiopia, with the potash plans more advanced.
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