Saudi Arabian Mining Co says its phosphate project will produce about 3m tonnes of fertilizer per year
Saudi Arabian Mining Co (Maaden) has said its phosphate joint venture with Saudi Basic Industries Corp (SABIC) started initial production on Friday.
"Maaden today announces that Maaden Phosphate Company (MPC) yesterday (Friday) has started initial production from the first production lines of sulphuric acid, phosphoric acid for captive use and Diammonium Phoshate Fertilizer (DAP)," Maaden said in a bourse statement on Saturday.
SABIC owns 30 percent in the joint venture, while Maaden holds the remainder.
The joint venture will produce about 3 million tonnes per year of DAP when it reaches full production, the statement said.For all the latest industry news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.