Jordan Phosphate Mines Co. (JPMC) and Arab Potash Co. (APC) have signed three Memoranda of Understanding (MOU) related to the ammonia and specialized fertilizer sectors, and for conducting joint studies.
Under the MOUs, the two companies will work to find potential partnerships for projects related to “the specialized fertilizer” sector, and joint future partnerships and investments in the ammonia industry, according to Jordan’s state news agency Petra, citing a JPMC Feb. 15 press statement.
JPMC and APC will also conduct joint studies on “the conditions and ways” to develop Jordan’s fertilizer sector.
JPMC Board Chair Mohammed Thneibat, who was present at the signing ceremony, highlighted the “long-term, strategic” relationship between the two companies.
The MOUs provide the basis for strengthening joint cooperation relations to serve both JPMC’s and APC’s shareholders and Jordan’s economy, said Thneibat, as cited by the report.