All Posts from October 5, 2017

PhosAgro, Ma’aden sign MOU

PhosAgro and the Saudi Arabian Mining Co. Ma’aden today signed a memorandum of understanding (MOU) they say will provide a new impetus to the development of the global phosphate-based fertilizer industry. The agreement aims to contribute to the sustainable development of the companies, as well as to domestic and global food security by helping to secure the uninterrupted supply of safe and high-quality fertilizers to agricultural producers around the world.

Under the MOU, the two agreed to share best practices and knowledge related to technical aspects of production, environmental protection, and workplace health and safety. The parties will also undertake a number of measures to support their long-term sustainable development, including participation in a range of initiatives aimed at ensuring the reliability and stability of supply of phosphate-based fertilizers to agricultural producers worldwide.

The memorandum was signed as part of the state visit of His Majesty King Salman bin Abdulaziz Al Saud to the Russian Federation.

Both Ma’aden and PhosAgro are currently completing major development projects aimed at enabling them to increase production volumes of crop nutrients using efficient modern technologies. PhosAgro is due to launch its 760,000 mt/y ammonia line and a 500,000 mt/y granulated urea facility at PhosAgro-Cherepovets in the near future. Ma’aden has begun ramping up its phosphate-based fertilizer production capacity at its Waad al-Shamal facility.

Both companies note that they are leading producers of phosphate-based fertilizers that are low in potentially harmful impurities like cadmium, and are committed to helping ensure that the mineral fertilizers used to grow plants all over the world contribute to safe and healthy food supplies for end consumers.

New Pursell Plant Expected Up in January

Pursell Agri-Tech, Sylacauga, Ala., said Oct. 5 that it has begun production of its next-generation products at its pilot plant in Sylacauga and remains on track to open a new full-scale commercial coating plant at the same location in January 2018.

In addition to a new strategic partnership with Netherlands-based Stamicarbon BV, which was announced earlier this week, Pursell said it has also partnered with two leading investment firms, Jemison Investment Co. Inc. and Stonehenge Growth Capital Co. LLC, both based in Birmingham, Ala.

“We’re excited to have the confidence and enthusiastic support of top-quality organizations such as Stamicarbon, Jemison, and Stonehenge,” says Pursell Agri-Tech president and CEO, Nick Adamchak. “The financial and strategic support of our partners will be critical in helping us bring better fertilizer solutions to the market that will help pave the way for more sustainable, climate-smart agriculture not only for North America, but worldwide as well.”