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JPMC and Transpet to set up joint phosphoric acid factory in Aqaba
The facility, which will cost $400mn, represents the largest Turkish-Jordanian investment in the phosphate fertilizer industry to date.
The facility, which will cost $400mn, represents the largest Turkish-Jordanian investment in the phosphate fertilizer industry to date.
The reserves of phosphates is enough for at least 300 years.
The project returned to the previous owner.
Investments are estimated at $100 million.
Phosphorite reserves are 26.8 million tons.
If it doesn't work at sea, it will do on land.
The next step is exploratory drilling.
The project schedule was met.
Unless the COVID-19 interferes with the company's plans.