Eshidiya, Jordan-His Majesty King Abdullah II of Jordan laid the foundation of the phosphoric acid plant of Jordan India Fertilizer Co. (JIFCO) on Oct. 3, in the presence of Indian and Jordanian dignitaries. The project is a joint venture between Indian Farmers Fertiliser Cooperative (IFFCO) and Jordan Phosphate Mines Co. (JPMC). JPMC will supply around 2 million mt of phosphate rock to the project from nearby mines, and IFFCO will receive a consistent supply of phos acid to meet its requirement in India. The project, which has a price tag of US$625 million, is expected to export some $300 million worth of phos acid to India each year. According to the initial reports about the project (GM Jan. 7, 2008), the new plant will produce 475,000 mt/y of phos acid and around 1.5 million mt/y of sulfuric acid. JPMC will take a 48 percent stake in the project, while IFFCO will hold the remaining equity.
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