Indo-Jordan Chemicals Co. (IJC), fully owned by Jordan Phosphate Mines Co. (JPMC), on June 21 inked an agreement to supply the Saudi company Kemyea Yanbu for Industry (Kemyan) with 30,000 mt of concentrated phosphoric acid, Jordan’s Petra news agency reported on June 22, citing a JPMC bourse filing.
IJC will deliver the acid starting in August 2022 through April 2023, with an agreement to double the volumes supplied in the subsequent years. The value of the deal is put at JD17 million (approximately $24 million at current exchange rates), subject to the doubling of volumes.
JPMC has initiated studies to increase production capacity at IJC to reach a daily production rate of 2,000 mt/d of phosphoric acid, according to the company’s 2021 annual report (GM May 20, p. 1 & p. 35).
Kemyan is a phosphate fertilizer and animal feed supplement manufacturer and supplier based in Yanbu Industry City.