SDIC to acquire Nutrien’s majority stake in Arab Potash
Published by Nicholas Woodroof,
Editor
World Fertilizer,
SDIC Mining Investment Co., a subsidiary of China’s State Development and Investment Corp. (SDIC), will become the majority shareholder in Arab Potash after the transaction, SDIC said in its statement.
China is the biggest consumer of potash and also Arab Potash’s primary market.
The agreement between SDIC and Nutrien will further reduce China’s reliance on potash imports and guarantee its food security, the statement added.
Read the article online at: https://www.worldfertilizer.com/potash/26072018/sdic-to-acquire-nutriens-majority-stake-in-arab-potash/
You might also like
CF Industries announces emissions reduction project at Yazoo City
CF Industries has announced that it is moving forward with a carbon capture and sequestration (CCS) project at its Yazoo City, Mississippi, Complex that is expected to reduce carbon dioxide (CO2) emitted to the atmosphere from the facility by up to 500 000 tpy.