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.