JPMC Subsidiary Signs Key Supply Agreement with Industrial Chamber

AMMAN — The Indo-Jordan Chemicals Company (IJC), a wholly-owned subsidiary of the Jordan Phosphate Mines Company (JPMC), on Monday signed a memorandum of understanding (MoU) with the Jordan Chamber of Industry to regulate phosphoric acid supply to domestic specialised fertiliser manufacturers.

The agreement, signed by the JPMC Board Chairman Mohammad Thneibat and President of Jordan Chamber of Industry Fathi Jaghbir, establishes a pricing framework for phosphoric acid produced by the IJC for local specialised compound fertiliser production, the Jordan News Agency, Petra, reported. 

"This agreement exemplifies true partnership between national institutions and will significantly impact the kingdom's industrial sector," Thneibat said during signing ceremony, attended by CEO of the JPMC Abdul Wahab Rawad and Director of Amman Chamber of Industry Nael Husami.

Thneibat emphasised the JPMC's focus on downstream industries, noting the company's plans to diversify products and reduce production costs to maximise phosphate's added value to the national economy. He highlighted JPMC's recent achievements in production, sales, and strategic partnerships.

Under the agreement, the Chamber will compile a quarterly list of qualified local fertiliser manufacturers seeking phosphoric acid supply. The Chamber will also coordinate origin certificate issuance across governorates, with the IJC maintaining exclusive approval rights for acid sales under this arrangement.

The IJC will set quarterly pricing based on global market rates and agreed formulas while committing to supply concentrated acid meeting export specifications to local fertiliser plants.

"This agreement ensures raw material supply to Jordanian factories and strengthens the local chemical industry's competitiveness through access to domestic inputs," Jaghbir said, praising the JPMC's role in supporting GDP growth and economic modernisation goals.