Phosphates

Kiwa Bio-Tech Products Group Corp. recently completed research of a new fertilizer processing technology with several technology institutes.

Net earnings in 2Q19 were US$858 million (US$1.47 diluted earnings per share). 2Q19 adjusted net earnings was US$1.58 per share and adjusted EBITDA was US$1.9 billion.

PhosAgro-Region (a PhosAgro subsidiary) increased the total volume of mineral fertilizer sales to Russian agricultural producers by 14.3% y/y to 1.65 million t in 1H19.

The company has made an EPCM agreement with Lycopodium for services related to the development of Itafos Farim’s mine site, which is expected to produce 1.3 million tpy of phosphate rock.

A short interview with James Wright, Senior Manager Capital Procurement at Nutrien, ahead of the 11th Chem Petrochem & Refinery Shutdowns and Turnarounds Conference.

The company will release 2Q19 earnings results on 29 July after market close.

Andrey Guryev, PhosAgro CEO and head of the Russian Fertilizer Producers Association has been elected chairman of the Russia–Brazil Business council.

Future Market Insights is reporting that the agriculture testing services market will exhibit a steady 6% CAGR through 2028.

Itafos has announced that Itafos Conda completed its planned plant turnaround during June 2019.

PhosAgro has announced that an extraordinary general meeting of shareholders has approved the payment of dividends in the amount of RUB9324 million, or RUB72/share.

The agreement with the OCP Group forms part of Itafos's repurpose plan to optimise finished fertilizer production with a multi-product portfolio of higher grade SSP, micronutrient SSP and value added premium PK compound products.

The plant was idled in late 2017 because it was one of the higher cost phosphates facilities in Mosaic’s Florida Operations and due to global phosphate market conditions.

Argus Media has announced that it has signed a collaboration agreement with the International Fertilizer Development Center (IFDC).

North-Western Phosphorous Company (NWPC) and the Kirovsk city administration signed a social and economic partnership agreement for 2019.

DuPont de Nemours, Inc. has announced its debut as an independent company following the successful separation of its Agriculture Division through the spin-off of Corteva, Inc.