Jordan Phosphate Mines Co. signed a memorandum of understanding on Monday [15 September 2014] with China’s Chongqing Minmetal and Machinery Import and Export Co. Ltd. to build a factory for producing fertilizers in Aqaba in south of Jordan, the state-run Petra news agency reported. The development of the factory will initially cost 350 million U.S. dollars…Full Article: Xinhua Sept 2014
- The factory will process raw locally-source phosphate into high value-added products.
- Chongqing Minmetal and Machinery Import and Export Co. aided in the implementation of the Jordan Complex Chemical Project.
- In June 2014, Morocco was courting Chinese investors to help in the construction of two phosphate factories.
- From 1980 to 2011, China’s chemical fertilizer usage has shifted to compound fertilizers at the expense of nitrogen fertilizers, despite the latter’s net consumption growth (see graph below). The share of nitrogen fertilizer consumption fell from 74% to approximately 42% of total consumption. Meanwhile, the share of compound fertilizer consumption increased from under 5% to roughly 35%. Phosphate’s share fell from 21% to 15%, and the share of potash increased from under 5% to approximately 12% of total consumption.