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SABIC, Maaden JV starts initial production

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By Muhammad Iqbal
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saudiJEDDAH: 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) on 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.

Copyright Reuters, 2011

 

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