ICL Group Ltd. (ICL) today announced it had signed a five-year agreement with Ukraine’s Transkhimtrade, a leading Ukrainian fertilizer distributor, for the distribution of an aggregate of 350,000 mt of polysulfate fertilizers in Ukraine.
ICL said this latest long-term distribution deal has increased total contracted volumes by 1.1 million mt from its Boulby operation in northeast England. Other long-term distribution deals include: a 12-year agreement for the supply of an aggregate of over 500,000 mt of polysulfate to Poland’s Polcalc Sp z.o.o.; a renewable annual framework agreement with 16 regional distributors in China to sell 100,000 mt of polysulfate and polysulfate-based fertilizers; and a three-year agreement, with an optional one-year extension, to sell polysulfate as raw material for value-added fertilizer production by Spanish fertilizer producer and distributor, Fertiberia SA.
“…Our sales volumes for polysulfate have grown by 50 percent in each of the last three years and significant progress has been made to reach our production run-rate target of 1 million mt of polysulfate by the end of 2020,” said Eli Amon, ICL’s Innovative Ag Solutions (IAS) EVP.