Ma’aden nears completion on first project in $6.4bn ‘Phosphate 3’ portfolio expansion

Ma’aden nears completion on first project in $6.4bn ‘Phosphate 3’ portfolio expansion

RIYADH “” Saudi Arabian Mining Company (Ma'aden), Saudi Arabia's national mining champion and one of the fastest-growing mining companies in the world, has completed utilities commissioning on a $900 million ammonia plant in Ras Al-Khair industrial City. Construction completion is expected in the fourth quarter of 2021, with full activation in the first quarter of 2022. The ammonia plant is the first project in the $6.4 billion 'Phosphate 3' expansion to Ma'aden's phosphate fertilizer portfolio, which encompasses the full mine-to-market development process of phosphate fertilizers. Commenting on the announcement, Ma'aden CEO Eng. Abdulaziz Al-Harbi said, "This is a tremendous milestone for our phosphate portfolio. The ammonia plant expansion will add over 1 million tons of ammonia production to reach 3.3 million tons, making Ma'aden one of the largest ammonia producers east of the Suez Canal.“ The 'Phosphate 3' expansion will add 3 million tons of phosphate fertilizer production capacity to Ma'aden portfolio, bringing that to a total production capacity of more than 9 million tons. This will make Ma'aden one of the top three global phosphate fertilizer producers and Saudi Arabia the second largest phosphate fertilizer exporter worldwide. "We have been moving ahead with the construction during the COVID-19 pandemic