Ras Az Zawr, Saudi Arabia-Sabic has signed an agreement to take a 30 percent stake in the Ma’aden phosphate project in Saudi Arabia. Ma’aden will retain 70 percent. The project will use phosphate reserves in northern Saudi Arabia to produce phosphate fertilizers in the Minerals Industrial City at Ras Az Zawr. Ma’aden will furnish technology and phosphate expertise, while Sabic will provide technology and marketing expertise in nitrogen. The project is expected to go on-stream by mid-2010 and produce 3 million mt of DAP. It will be one of the world’s largest single phosphate fertilizer complexes. Total capital investment in the project is put at SR13 billion, or US$3.5 billion.
Transparency Across the Fertilizer Value-Chain