Arab Potash Co. and Yara enter potassium nitrate MoU
Published by David Rowlands,
Editor
World Fertilizer,
Both parties will reportedly explore and evaluate the possibility of doubling the production capacity of Kemapco – Arab Potash Co.’s potassium nitrate producing subsidiary – and, accordingly, Yara is targeting a minority position (30%) in Kemapco, with a 100% product offtake (except some local and regional markets). Potassium nitrate is a key product for fertigation, which is a fast-growing segment that both Yara and Kemapco are aiming to develop further through this collaboration.
Kemapco operates a single potassium nitrate plant in Aqaba, Jordan. Last year, production amounted to 130 kt of potassium nitrate, with sales amounting to approximately US$105 million.
Terje Knutsen, EVP Crop Nutrition, Yara, said: “With this MOU we are pleased to establish a collaboration of strategic value. 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 fertilizer 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.”
Jamal Al-Sarayrah, Chairman of the Board of Directors, Arab Potash Co., added: “The signing represents an important step in the plan to grow our business, 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.”
Read the article online at: https://www.worldfertilizer.com/project-news/19022018/arab-potash-co-and-yara-enter-potassium-nitrate-mou/
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