Jordan Phosphate Mines Co. (JPMC) has signed a Memorandum of Understanding (MOU) with Amman-based Sinokrot Poultry Farms and Saudi Arabia’s Poultry & Dairy Technology Trading Co. to establish a plant for the production of phosphate feed additives in the Red Sea port city of Aqaba.
Under the MOU, the three parties agreed to establish a plant to produce monocalcium phosphate (MCP) and dicalcium phosphate (DCP) with a production capacity of up to 100,000 mt annually at a cost of JD15 million (approximately $21.2 million at current exchange rates), according to the Jordan news agency Petra, citing a JPMC press release.
JPMC will supply the phosphoric acid to the planned production facility under a long-term contract.
JPMC Chairman Mohammad Thneibat said the MOU comes within the framework of the company’s plan to “focus on manufacturing industries, create new products with high market value, build more partnerships in this field, as well as contribute to supporting national endeavors to reduce unemployment by creating new job opportunities for Jordanians.”
Musa Ahmed Abu Abed, CEO of Saudi Poultry & Dairy Technology Trading Co., said the new plant constitutes a “qualitative” addition to the animal production industry sector in Jordan and Saudi Arabia.