The company has received letters of intent from KfW IPEX-Bank of Germany and Export Development Canada with regards to one of its small-scale production facilities in central Saskatchewan, Canada.
At 30 June 2019, Karnalyte Resources had cash of CAN$8.6 million, a positive working capital of CAN$8.7 million and no debt.
Al-Nasr Fertilizers Co., and Benchmark Power International are to establish an ammonia production plant in the Suez Governorate.
The credit approval has been obtained from the Africa Finance Corp. and the African Export Import Bank.
The pre-FEED (front-end engineering and design) study is the next step in the development of a chemical and fertilizer facility near Narrabri, New South Wales, Australia, which will use appraisal and early development gas.
The US$1 billion facility in Kingisepp, Russia, was formally opened at the St. Petersburg International Economic Forum in June.
Kiwa Bio-Tech Products Group Corp. recently completed research of a new fertilizer processing technology with several technology institutes.
Matt Shackleton, Managing Director and CEO of Australian Potash, has said that the complete findings of the definitive feasibility study on the project will be released in due course.