MoU signed for phosphate, fertilizer and phosphoric export to India
The Jordan Phosphate Mines Company (JPMC) and the Metals and Minerals Trading Corporation of India (MMTC), a public sector company in India, on Sunday signed a memorandum of understanding to sell phosphate ore, fertilizer and phosphoric acid.
According to the memorandum, the JPMC CEO, Abdel Wahab Al-Ruwad, and the Chairman of MMTC, Ved Prakash, the JPMC will provide the Indian company with 450,000 tons of phosphate ore annually, and the same amount of fertilizer in addition to 300,000 tons of phosphoric acid.
MMTC is one of the leading companies in India in the phosphate ores and chemical fertilizers industry.
The JPMC also signed an agreement with Egypt Gas Company to build an internal gas supply network inside the industrial complex of the JPMC in Aqaba.
The JPMC relies on this agreement a lot in reducing energy costs in the industrial complex in Aqaba from 8 to 10 million dinars annually through the use of gas as an alternative to fuel.
Source: Jordan News Agency