JPMC, APC ink 3 memos on industry development

AMMAN — The Jordan Phosphate Mines Company (JPMC) and the Arab Potash Company (APC) on Wednesday signed three memoranda of understanding concerning the ammonia and fertiliser industries, and conducting  joint studies. 

Under the memoranda of understanding, signed by Chairman of the Board of Directors of the JPMC Mohammad Thneibat, and APC Chairman Shihadeh Abu Hdeib, both companies are working to find potential partnerships for projects in the specialised fertiliser industry, and are searching for future investments in the ammonia industry.  

Joint studies will be conducted to evaluate the current situation and determine ways to develop the fertiliser industry in the Kingdom, according to the Jordan news Agency, Petra.

Commending the long-term strategic relationship between the two companies and their significant role in supporting the national economy as job creators, Thneibat said that exports of fertilisers, raw potash and phosphate from both companies amounted to JD2.7 billion by the end of November last year, compared with JD1.6 billion in the same period of 2021.

The JPMC and APC jointly own the Jordan Industrial Ports Company (JIPI), with capital value of JD140 million. The investment was made during expansion and renovations of the industrial port, increasing its annual capacity from 5 million tonnes to 10 million tonnes, in addition to improving the quality and efficiency of handling to reach 4,000 tonnes per hour, compared with 1,000 tonnes per hour for dry bulk materials.