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.”