PCI Nitrogen (PCI), Pasadena, Texas, said Nov. 29 that Interoceanic Corp., White Plains, N.Y., will be its exclusive distributor for the sulfuric acid it produces at their Pasadena facility.
“We expect it will bring us closer to the market and add substantial value to our customers,” said James Costello, PCI CEO.
“The Pasadena facility has been a producer and reliable supplier of sulfuric acid for many years and with IOC’s sales, marketing and logistical experience it will make the plant more competitive in a very volatile environment,” said Elio Mazzella Jr. “Our focus has always been in sales, logistics and customer service. To bring product to our customers when they need it at the most competitive prices.” Interoceanic is a marketer of fertilizer and industrial products for over 33 years.
Shrieve Chemicals reportedly previously marketed the Pasadena sulfuric acid. Interoceanic owns PCI.
Toronto-based Potash Ridge Corp., a junior potassium sulfate company, has announced a cooperative relationship with China’s Migao Corp, to assist in the development and operation of the corporation’s Valleyfield SOP in Quebec. Migao, which has 320,000 mt/y of SOP capacity across China, has agreed to provide technical, construction, commissioning, operations, and maintenance support services to Valleyfield for its planned 40,000 mt/y project. Migao will be responsible to procure equipment sourced in China and provide performance guarantees on all such equipment.
Junior miner Gensource Potash Corp., Saskatoon, said Nov. 29 that it has signed a non-binding Memorandum of Understanding with an Indian company, Essel Group Middle East Limited (EGME) to form a joint venture company that will advance one of Gensource’s small scale potash projects in Saskatchewan through to production.
EGME will provide business and logistic expertise to the jv and will provide financing in two stages – first, to complete the current feasibility study, and second, to finance the construction of the project. Ultimately, when the construction financing has been committed, the JV will be owned 70 percent by EGME and percent by Gensource.
According to Gensource, EGME is a part of Essel Group India, a company operating in many sectors, including media, entertainment, infrastructure, and education. It said EGME is pursuing growth by securing strategic resource investments across the globe and by diversifying into the hydrocarbon and mineral resource sectors.
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