Category: General

Prior to the Kyoto Protocol, JI referred to voluntary projects between a developed and a developing country that resulted in either greenhouse gas emission reductions or carbon sequestration

The Israeli fuel sector is composed of a number of principle sections, including the import of crude oil, the refining of oil, the storage thereof, the supply and marketing to the various consumers, the import and export of finished petroleum products. The main stakeholders are the government whose role is mainly regulatory and maintaining the interest of the consumers mainly through the control of the price of benzene; the oil refineries (Haifa and Ashdod), Tashan’s storage facilities and the petrol companies (the principle ones being Paz, Sonol, Delek and Dor Alon).

Israel’s largest holding company with a substantial energy portfolio. IC’s primary holdings include: Israel Chemicals (ICL – a leading global fertilizers and specialty chemicals producer), Zim integrated shipping services, Oil Refineries (ORL – Israel’s largest integrated refinery and petrochemicals producer), Inkia Energy (a prominent Latin American power generation company), Tower Semiconductor, Project Better Place (a global developer of electric recharge grids supporting electric vehicles), IC Green Energy (a company focused on renewable energy projects and technologies).
Yam Tethys and Israel Corp – on 25.3.2008 an agreement was signed with IC for the total supply of 2 bcm of natural gas, the supply of which will start when the southern section of the pipeline is completed which should be around mid 2009 and also based upon the completion of the conversion of IC’s generation into natural gas generating units, which will be done gradually throughout the company beginning at the end of 2008 with the units at Sdom where most of the gas is due to be consumed. The supply will terminate either 5 years after supply starts but not later than September 2015 but can be extended by another year if not all the gas contracted for has been consumed.

Israel Corp is in the process of establishing two IPP projects: the tender OPC IPP for 400 MW at Mishor Rotem and a 400 MW IPP at their Dead Sea Plant.

In April 2010, the company also increased its energy business in South America, via its sub-subsidiary Kallpa, which is owned by its subsidiary Inkia and which won a PPA to supply 560 MW of electricity with a contract of 8-10 years as of 2014. IC intends setting up two more power stations so that with the three already existing stations their generation supply in Peru should reach 850 MW.

Coal in unexplored extensions of demonstrated resources for which estimates of the quality and size are based on geologic evidence and projection. Quantitative estimates are based largely on broad knowledge of the geologic character of the bed or region and where few measurements of bed thickness are available. The estimates are based primarily on an assumed continuation from demonstrated coal for which there is geologic evidence.

Energy flow that can be reduced or completely stopped with little or no notice from the provider of the energy

Belonging 52.3% to Israel Corp, ICL is a leading global fertilizers and specialty chemicals company