JPMC signs agreements worth $1.5b with Indian fertiliser companies

JPMC signs agreements worth $1.5b with Indian fertiliser companies

AMMAN — The Jordan Phosphate Mines Company (JPMC) signed several agreements and memoranda of understanding with Indian companies specialising in investments in phosphate and phosphate fertilisers.

The deals aim to increase Indian companies' imports from the Kingdom and establish two factories for phosphoric acid in Al Shidiyeh and Aqaba after completing economic and technical feasibility studies over the next few months, the Jordan News Agency, Petra, reported on Sunday.

Under the signed agreements worth $1.5 billion, the JPMC provides Indian Farmers Fertiliser Cooperative Limited (IFFCO) with 2 million tonnes of phosphate and 100,000 tonnes of phosphoric acid annually, and provides Indian Potash Limited (IPL) and IFFCO with 250,000 tonnes of DAP fertilisers annually.