Asia, News

Jordan to Build Fertilizer Plant in AQABA

Jordan Phosphate Mines Co. (JPMC) has teamed up with China’s Chongqing Minmetal and Machinery Import and Export Co., Ltd. for the construction of a fertiliser plant in Aqaba.

The first phase of the facility will cost about $350 million. After its completion, the unit is expected to produce several types of high value-added products to meet the demands in international markets.

According to JPMC Chairman Amer Majali, the new facility is part of the company’s strategy “to optimally use raw phosphate and turning it into high value-added products instead of exporting it as raw materials”.

“The international markets need these specific high value fertilisers to improve agricultural output and efficiency”, he added, noting that the Aqaba factory is expected to consume between 1.5 and 2 million tonnes of raw phosphate annually.

The JPMC boss also recalled the deals sealed with Indonesia to build some facilities for the production of phosphoric acid and fertilisers which are expected to enhance the Jordanian company standing in the world phosphate market.

These projects are part of the Jordanian company strategy seeking to increase the production of phosphate by 50 pc by the year 2018, improve its financial situation and create more jobs within the frame of its expansion plan.

About the Author

is a lawyer and analyst specialized in EU affairs and international finance. PhosphatePrice.com values the diversity of opinions and believes that the plurality of points of view is an asset that should be preserved.