Namhae Chemical, a large South Korean fertilizer producer, has issued a tender 2019 to buy its yearly urea requirement.
Argus states "the buyer aims to purchase 200 000 t of granular and 30 000-50 000 t of prilled urea through the tender that closes on 29 October and requests offers for delivery through 2019".
The partnership sees ADNOC combine its fertilizer business, ADNOC Fertilizers, into OCI’s Middle East and North Africa nitrogen fertilizer platform. ADNOC and OCI will own a 42% and 58% stake in the JV respectively.
