Hadera paper plant switches to gas power

The transition, which has cost American Israeli Paper Mills NIS 30 million, is expected to add NIS 25m. to the group's annual profits.

By SHARON WROBEL
August 28, 2007 08:01

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later

American Israeli Paper Mills Ltd. on Monday started the conversion of its energy-generation systems from fuel to natural gas at the Hadera paper plant, which will significantly reduce the group's energy and production costs and improve environmental compliance. "The Hadera paper plant is the first industrial plant in Israel to switch to natural gas and we are hopeful that in the future the entire Israeli industry will convert to natural gas," said National Infrastructures Minister Binyamin Ben-Eliezer at the ceremony inaugurating the switch to natural gas on Monday. The transition, which has cost American Israeli Paper Mills NIS 30 million, is expected to add NIS 25m. to the group's annual profits. The controlled flow of natural gas was activated on Monday from the offshore Yam Thetis drill in Ashkelon. The Hadera power plant will also consume natural gas that will be provided by EMG, which supplies natural gas from Egypt to Israel. American Israeli Paper Mills, owned by Clal Industries and Investments, recently signed a 15-year agreement in principle with EMG. The company, which employs 3,000 workers at 20 sites in Israel, invests NIS 100m. each year into the expansion of its local activities.

Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>

Related Content

The Teva Pharmaceutical Industries
April 30, 2015
Teva doubles down on Mylan, despite rejection

By GLOBES, NIV ELIS