Middle-east Arab News Opinion | Asharq Al-awsat

SABIC, Maaden JV starts initial production - ASHARQ AL-AWSAT English Archive
Select Page

JEDDAH, (Reuters) – Saudi Arabian Mining Co (Maaden) has said its phosphate joint venture with Saudi Basic Industries Corp (SABIC) started initial production on Friday.

“Maaden today announces that Maaden Phosphate Company (MPC) yesterday (Friday) has started initial production from the first production lines of sulphuric acid, phosphoric acid for captive use and Diammonium Phoshate Fertilizer (DAP),” Maaden said in a bourse statement on Saturday.

SABIC owns 30 percent in the joint venture, while Maaden holds the remainder.

The joint venture will produce about 3 million tonnes per year of DAP when it reaches full production, the statement said.

Asharq Al-Awsat

Asharq Al-Awsat

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

More Posts

Follow Me:
FacebookGoogle PlusYouTube