{"id":795446,"date":"2024-12-17T08:18:03","date_gmt":"2024-12-17T13:18:03","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/icl-announces-follow-on-investment-in-plantible-foods-and-celebrates-industry-recognition-for-innovative-food-ingredient\/"},"modified":"2024-12-17T08:18:03","modified_gmt":"2024-12-17T13:18:03","slug":"icl-announces-follow-on-investment-in-plantible-foods-and-celebrates-industry-recognition-for-innovative-food-ingredient","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/icl-announces-follow-on-investment-in-plantible-foods-and-celebrates-industry-recognition-for-innovative-food-ingredient\/","title":{"rendered":"ICL Announces Follow-On Investment in Plantible Foods and Celebrates Industry Recognition for Innovative Food Ingredient"},"content":{"rendered":"

<\/p>\n

ICL Announces Follow-On Investment in Plantible Foods and Celebrates Industry Recognition for Innovative Food Ingredient<\/b><\/p>\n

Partnership received Ingredient Idol award at SupplySide West 2024<\/i><\/p>\n

TEL AVIV, Israel–(BUSINESS WIRE<\/a>)–ICL (NYSE: ICL) (TASE: ICL)<\/i><\/b>, 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.<\/p>\n

\nIn 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.<\/p>\n

\n“Our continued investment in Plantible Foods underscores our commitment to advancing sustainable and innovative solutions in the food industry,\u201d said Hadar Sutovsky, vice president of Corporate Investments at ICL. \u201cWe are excited to support Plantible’s growth and the development of their groundbreaking plant-based proteins.”<\/p>\n

\n“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. \u201cICL Food Specialties anticipates increasing demand for Rovitaris Binding Solution in 2025, driven by the growing consumer trend toward clean-label and sustainable food ingredients\u201d.<\/p>\n

\n“Our partnership with ICL is instrumental in bringing Rubi Protein to market,\u201d said Tony Martens Fekini, CEO of Plantible Foods. \u201cThe recognition at SSW highlights the potential of our collaboration to transform the food industry with sustainable and functional ingredients.”<\/p>\n

\nAccording to Global Market Research<\/a>, 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.<\/p>\n

\nICL 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.<\/p>\n

About ICL<\/b><\/p>\n

\nICL 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.<\/p>\n

\nFor more information, visit ICL’s website at icl-group.com<\/a>.
\n
To access ICL’s interactive CSR report, visit icl-group-sustainability.com<\/a>.
\n
You can also learn more about ICL on Facebook<\/a>, LinkedIn<\/a>, YouTube<\/a>, X<\/a> and Instagram<\/a>.<\/p>\n

About Plantible Foods<\/b><\/p>\n

\nPlantible 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.<\/p>\n

Forward Looking Statements<\/b><\/p>\n

\nThis announcement contains statements that constitute forward\u2011looking statements, many of which can be identified by the use of forward\u2011looking words such as \u201canticipate,\u201d \u201cbelieve,\u201d \u201ccould,\u201d \u201cexpect,\u201d \u201cshould,\u201d \u201cplan,\u201d \u201cintend,\u201d \u201cestimate\u201d and \u201cpotential,\u201d among others.<\/p>\n

\nForward-looking statements appear in this press release and include, but are not limited to, statements regarding the company\u2019s intent, belief or current expectations. Forward-looking statements are based on management\u2019s 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\u2010looking 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 \u201cRisk Factors\u201d 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.<\/p>\n

\nForward-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.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20241217097063\/en\/<\/a><\/span><\/p>\n

Investor and Press Contact \u2013 Global
\n<\/b>
Peggy Reilly Tharp
\n
VP, Global Investor Relations
\n
+1-314-983-7665
\n
Peggy.ReillyTharp@icl-group.com<\/a><\/p>\n

Investor and Press Contact – Israel
\n<\/b>
Adi Bajayo
\n
ICL Spokesperson
\n
+972-3-6844459
\n
Adi.Bajayo@icl-group.com<\/a><\/p>\n

KEYWORDS:<\/b> New York United States North America Israel Middle East<\/p>\n

INDUSTRY KEYWORDS:<\/b> Environment Technology Agritech Sustainability Food\/Beverage Mining\/Minerals Retail Agriculture Natural Resources<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

ICL Announces Follow-On Investment in Plantible Foods and Celebrates Industry Recognition for Innovative Food Ingredient Partnership received Ingredient Idol award at SupplySide West 2024 TEL AVIV, Israel–(BUSINESS WIRE)–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 … <\/p>\n

Continue reading “ICL Announces Follow-On Investment in Plantible Foods and Celebrates Industry Recognition for Innovative Food Ingredient”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-795446","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nICL Announces Follow-On Investment in Plantible Foods and Celebrates Industry Recognition for Innovative Food Ingredient - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/icl-announces-follow-on-investment-in-plantible-foods-and-celebrates-industry-recognition-for-innovative-food-ingredient\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ICL Announces Follow-On Investment in Plantible Foods and Celebrates Industry Recognition for Innovative Food Ingredient - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"ICL Announces Follow-On Investment in Plantible Foods and Celebrates Industry Recognition for Innovative Food Ingredient Partnership received Ingredient Idol award at SupplySide West 2024 TEL AVIV, Israel–(BUSINESS WIRE)–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. 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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. 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