Job offersmore »

Tweeting Growers

Top 5 - yesterday

Top 5 - last week

Top 5 - last month

Exchange ratesmore »

Yara and Arab Potash Company enter into MoU on potassium nitrate

Yara and Arab Potash Company, the Jordan-based potash producer have recently signed an MoU for mutual cooperation in the field of potassium nitrate production and sales. The parties will explore and evaluate the possibility of doubling the production capacity of Kemapco, the potassium nitrate producing subsidiary of APC, and accordingly Yara is targeting a minority position (30%) in Kemapco with a 100 % distribution and marketing agreement for Yara. Potassium nitrate is a key product in solutions for fertigation, a fast growing segment that Yara and Kemapco aim to develop further through this collaboration.

"With this MoU we are pleased to establish a collaboration of strategic value. Our farmer centric approach means that we offer a full range of nutrients and solutions to meet farmers needs in all climates and for all soils. Fertigation is the combined application of water and nutrients to a crop, a mix of fertilizer and irrigation in the same application. The collaboration with Kemapco will facilitate exchange of technology and know-how, and secure access to potassium nitrate that will strengthen our fertigation offering," said Terje Knutsen, EVP Crop Nutrition, Yara.

Kemapco is a subsidiary of the Arab Potash Company, and operates a single potassium nitrate plant in Aqaba, Jordan. Production in 2017 amounted to 130 kt potassium nitrate, with sales amounting to about USD 105 million.

"The signing represents an important step in the plan to grow our business, we believe that our high quality product will be a great fit for the growing potassium nitrate demand. We are pleased to have the opportunity to grow our business with Yara's extensive sales network." said Jamal Al-Sarayrah, Chairman of the Board of Directors, Arab Potash Company.

For more information:

Publication date: 2/23/2018



Other news in this sector:

3/16/2018 Schmieding Produce acquires North Carolina watermelon distributor
3/16/2018 US: Bayer-Monsanto deal faces antitrust hurdles
3/16/2018 Philips Lighting to change company name to Signify
3/16/2018 Ridder Group and Al Busath sign strategic partnership
3/16/2018 US (MI): Gladstone Land acquires blueberry farm for $2.1 million
3/16/2018 Chinese delegation visits World Horti Center
3/15/2018 Lipman Family Farms acquires Huron Produce
3/15/2018 US (NC): Syngenta partners with Rise Against Hunger
3/15/2018 Bayer reports progress in talks with Russia over Monsanto deal
3/15/2018 Mexico: Bee Vectoring appoints former Syngenta technical manager
3/15/2018 US: Inocucor hires global finance executive as Chief Financial Officer
3/14/2018 China conditionally approves Bayer-Monsanto deal
3/14/2018 DowDuPont agriculture division to become Corteva Agriscience
3/14/2018 CAN (QC): Hydropothecary expands management team
3/14/2018 Vestaron CEO John C. Sorenson, Ph.D. dies
3/14/2018 "We see it as a big challenge to meet all inquiries and requests"
3/13/2018 DowDuPont Executive Chairman to retire
3/13/2018 Supplies increasing for greenhouse heirloom tomatoes
3/13/2018 Smithers-Oasis promotes Riffey to general manager, grower operations
3/12/2018 US: Earth Alive appoints new sales director