Filter content by area of interest
Handling Equipment/Systems
Ports & Terminals
Transport & Distribution
Materials & Commodities
Storage
Processing
ICT & Telecoms
Civil Engineering
Mining
Environment
Safety & Security
Business
 View all Topics View all Topics A-Z
More View all Topics View all Topics A-Z

You are viewing this article with our compliments. 


register  or  login  to manage your newsletter preferences and to prevent this message from appearing.

Yara and Arab Potash ink MoU

Yara and Jordan-based potash producer Arab Potash Company (APC) have signed a Memorandum of Understanding (MoU) to explore collaboration on potassium nitrate.
Linked InTwitterFacebookeCard
The parties will explore and evaluate the possibility of doubling the production capacity of Kemapco, the potassium nitrate producing subsidiary of APC, and, accordingly, Yara is targeting a minority position (30%) in Kemapco with a 100% distribution and marketing agreement for Yara.

Potassium nitrate is a key product in solutions for fertigation, a fast growing segment that Yara and Kemapco aim to develop further through this collaboration.

“With this MoU, we are pleased to establish a collaboration of strategic value,” said Terje Knutsen, EVP Crop Nutrition, Yara. “Our farmer-centric approach means that we offer a full range of nutrients and solutions to meet farmers’ needs in all climates and for all soils. Fertigation is the combined application of water and nutrients to a crop, a mix of fertiliser and irrigation in the same application. The collaboration with Kemapco will facilitate exchange of technology and know-how, and secure access to potassium nitrate that will strengthen our fertigation offering.”

Kemapco is a subsidiary of the Arab Potash Company, and operates a single potassium nitrate plant in Aqaba, Jordan. Production in 2017 amounted to 130 kt potassium nitrate, with sales amounting to about US$105M.

“The signing represents an important step in the plan to grow our business,” said Jamal Al-Sarayrah, chairman of Arab Potash Company. “We believe that our high quality product will be a great fit for the growing potassium nitrate demand. We are pleased to have the opportunity to grow our business with Yara’s extensive sales network.”

 

Linked InTwitterFacebookeCard

You may also like these related articles...

Fertiliser supply to relatively firm US tightens

Dry bulk leads uptick for Port of Beira

Record high US containerised soya bean exports

Grain storage and processing for Khalifa

A promise of ‘greener’ aggregates for London

Tilbury begins coastal oil seed rape deliveries

Linked In
Twitter