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Article: Norsk Hydro Exits Fertilizer JV.(Jordanian Phosphate Mines Co. Ltd. joint venture)(Brief Article)(Statistical Data Included)
- Article from:
- Chemical Market Reporter
- Article date:
- December 11, 2000
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NORSK HYDRO has pulled out of a joint venture in Jordan for the production of 1.2 million annual metric tons of nitrogen-phosphorous-potassium (NPK) and phosphate fertilizer, one of that country's largest industrial projects.
The venture, a partnership between Hydro and the state-controlled Jordanian Phosphate Mines Co. Ltd. (JPMC), was scheduled to produce 440,000 tons per year of phosphoric and sulfuric acid at Eshidiya, and NPK and phosphate fertilizers at Aqaba. That output would have been mainly exported to Asia.
Although Hydro has a strategy of decreasing its investment in fertilizers in Europe and raising its fertilizer investments outside the ...