Jordan Phosphate Mines Co. (JPMC) on Feb. 11 signed a Memorandum of Understanding with the Government of Bangladesh to supply 270,000 mt of phosphate rock and phosphoric acid worth $280 million. Under the MOU, JPMC said it will supply Bangladesh Chemical Industries Corp. (BCIC) with 150,000 mt of phosphate rock and 120,000 mt of phosphoric acid. The tons will be delivered over three years.
An agreement, to be renewed on an annual basis for three years, will be signed between the two counties soon, to mark the start of the first shipment. The supplier will also look at the possibility of supplying DAP to Bangladesh.
JPMC’s CEO Shafiq al-Ashqar said the relationship between JPMC and BCIC extends back many years whereby the Jordanian company used to be the main supplier of phosphate to the Bangladesh market.
A Haifa Municipal Court has ordered Haifa Chemicals to empty the 12,000 mt ammonia storage facility within 10 days. This will have an impact on Haifa Chemicals and Israel Chemicals Ltd. However, it is still unclear if the company will be able to do so. In a related development there are reports that the Israeli government is discussing with the owners of Haifa about the setting up of a joint Israeli-Jordanian storage facility as a short term solution to the problem until a production plant is built.
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