Partnership received Ingredient Idol award at
SupplySide West 2024
ICL (NYSE: ICL) (TASE: ICL), a leading global specialty
minerals company, today announced a follow-on investment in
Plantible Foods, participating in the company's Series B funding
round. This investment builds upon ICL's initial participation in
Plantible's Series A round and furthers the strategic collaboration
between the two companies.
In October of 2023, ICL Food Specialties, in collaboration with
Plantible Foods, launched Rovitaris Binding Solution powered by
Rubi Protein. This innovative ingredient was honored with the
Ingredient Idol award at the SupplySide West (SSW) conference in
November 2024 and recognized as the most innovative food ingredient
of the year.
"Our continued investment in Plantible Foods underscores our
commitment to advancing sustainable and innovative solutions in the
food industry,” said Hadar Sutovsky, vice president of Corporate
Investments at ICL. “We are excited to support Plantible's growth
and the development of their groundbreaking plant-based
proteins."
"Receiving the Ingredient Idol award for Rovitaris is a
testament to our dedication to delivering cutting-edge, clean-label
solutions that meet the evolving demands of consumers seeking
healthier and more sustainable food options," said Rado Sporka,
vice president of Food Specialties at ICL. “ICL Food Specialties
anticipates increasing demand for Rovitaris Binding Solution in
2025, driven by the growing consumer trend toward clean-label and
sustainable food ingredients”.
"Our partnership with ICL is instrumental in bringing Rubi
Protein to market,” said Tony Martens Fekini, CEO of Plantible
Foods. “The recognition at SSW highlights the potential of our
collaboration to transform the food industry with sustainable and
functional ingredients."
According to Global Market Research, the global clean label
ingredients market is experiencing robust growth, driven by
increasing consumer demand for transparency and natural products.
In 2024, the market was valued at approximately $53 billion and is
projected to reach $99 billion by 2034, growing at a CAGR of more
than 6.4% during the forecast period.
ICL Group's investment in Plantible Foods, and the development
of innovative ingredients like Rovitaris Binding Solution, aligns
with these market trends and helps position the company to meet the
evolving demands of consumers and capitalize on new market
opportunities.
About ICL
ICL Group is a leading global specialty minerals company, which
creates impactful solutions for humanity's sustainability
challenges in the food, agriculture and industrial markets. ICL
leverages its unique bromine, potash and phosphate resources, its
global professional workforce, and its sustainability focused
R&D and technological innovation capabilities, to drive the
company's growth across its end markets. ICL shares are dual listed
on the New York Stock Exchange and the Tel Aviv Stock Exchange
(NYSE and TASE: ICL). The company employs more than 12,000 people
worldwide, and its 2023 revenues totaled approximately $7.5
billion.
For more information, visit ICL's website at icl-group.com. To
access ICL's interactive CSR report, visit
icl-group-sustainability.com. You can also learn more about ICL on
Facebook, LinkedIn, YouTube, X and Instagram.
About Plantible Foods
Plantible Foods is a business-to-business food technology
company with the goal of developing the most functional and
applicable plant-based protein in the world by harnessing Lemna:
one of the most sustainable and nutrient-dense plants in the
world.
Forward Looking Statements
This announcement contains statements that constitute
forward‑looking statements, many of which can be identified by the
use of forward‑looking words such as “anticipate,” “believe,”
“could,” “expect,” “should,” “plan,” “intend,” “estimate” and
“potential,” among others.
Forward-looking statements appear in this press release and
include, but are not limited to, statements regarding the company’s
intent, belief or current expectations. Forward-looking statements
are based on management’s beliefs and assumptions and on
information currently available to management. Such statements are
subject to risks and uncertainties, and actual results may differ
materially from those expressed or implied in the forward-looking
statements due to various factors, including, but not limited to:
estimates, forecasts and statements as to management's expectations
with respect to, among other things, business and financial
prospects, financial multiples and accretion estimates, future
trends, plans, strategies, positioning, objectives and
expectations, general economic, market and business conditions,
supply chain and logistics disruptions, energy storage and electric
vehicle growth, the potential for new COVID-19 variants, global
unrest and conflict, governmental and regulatory requirements and
actions by governmental authorities, including changes in
government policy, changes in environmental, tax and other laws or
regulations and the interpretation thereof, and war or acts of
terror and/or political, economic and military instability in
Israel and its region, including the current state of war declared
in Israel and any resulting disruptions to our supply and
production chains. As a result of the foregoing, readers should not
place undue reliance on the forward‐looking statements contained in
this press release concerning the timing of the transaction, or
other more specific risks and uncertainties facing ICL, such as
those set forth in the “Risk Factors” section of its Annual Report
on Form 20-F filed on March 14, 2024, as such risk factors may be
updated from time to time in its Current Reports on Form 6-K and
other filings ICL makes with the U.S. Securities and Exchange
Commission from time to time.
Forward-looking statements refer only to the date they are made,
and the company does not undertake any obligation to update them in
light of new information or future developments or to publicly
release any revisions to these statements in order to reflect later
events or circumstances or to reflect the occurrence of
unanticipated events.
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version on businesswire.com: https://www.businesswire.com/news/home/20241217097063/en/
Investor and Press Contact – Global Peggy Reilly Tharp
VP, Global Investor Relations +1-314-983-7665
Peggy.ReillyTharp@icl-group.com
Investor and Press Contact - Israel Adi Bajayo ICL
Spokesperson +972-3-6844459 Adi.Bajayo@icl-group.com
ICL (NYSE:ICL)
過去 株価チャート
から 11 2024 まで 12 2024
ICL (NYSE:ICL)
過去 株価チャート
から 12 2023 まで 12 2024
