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Sat 18 Jun 2011 12:26 PM

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Maaden, SABIC joint venture begins initial production

Saudi Arabian Mining Co says its phosphate project will produce about 3m tonnes of fertilizer per year

Maaden, SABIC joint venture begins initial production
The Maaden-SABIC project will produce 3 million tonnes of fertiliser per year. (Getty Images - for illustrative purposes)

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.

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