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South Harz Potash execute a non-binding MoU with Euroports

Published by , Editorial Assistant
World Fertilizer,

South Harz Potash Limited has executed a non-binding memorandum of understanding (MoU) with Euroports Germany GmbH & Co. KG and Euroports Belgium NV.

The MoU contemplates South Harz and Euroports advancing commercial discussions towards a potential longterm agreement for the storage, handling and export of potash product from South Harz’s flagship Ohmgebirge Potash Development (Ohmgebirge), located in central Germany, through one of Euroports’ operated facilities in Rostock (Germany) and/or Antwerp (Belgium).

South Harz Managing Director and CEO, Luis da Silva, commented, "While we plan to sell much of our potash output from Ohmgebirge into proximate European demand, it is also anticipated that Ohmgebirge will supply key export markets such as Brazil and North America to account for seasonality (as outlined in the preliminary marketing strategy we presented in the Ohmgebirge Scoping Study). Being located close to existing port infrastructure (approximately 450 km by rail or road to Rostock, and 470 km to Antwerp) delivers South Harz a substantial overland transport (and associated carbon emissions footprint) advantage relative to major established producers in Canada and eastern Europe, some of which need to rail product up to 2000 km to their export facilities.”

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