Arab Potash Co. (APC), Amman, has signed an agreement with Yara International ASA, Oslo, to build a factory to increase potassium nitrate production at APC unit Arab Fertilizers and Chemicals Industries (Kemapco), according to a Bloomberg report citing the state-run Petra news agency.
The $200 million factory would reportedly boost Kemapco’s potassium nitrate output to 350,000 mt/y from 135,000 mt/y. The new factory would be built near the current plant in Aqaba.
Yara would market the production in international markets.
Nutrien Ltd., Saskatoon, is currently looking to sell its minority stake in APC.