New phosphoric acid plant to be built in Maan

Jordan Phosphate Mines Company  JPMC
(File photo: Jordan News)
AMMAN — The Jordan Phosphate Mines Company (JPMC) and Turkish Transpet Petroleum and Energy signed an agreement on Monday to build a joint phosphoric acid plant in the Sheidiya region of Maan Governorate.اضافة اعلان

The new plant will have produced 165,000 tonnes of P2O5 annually.

It is expected to play a key role in meeting the growing demand for phosphates, both domestically and internationally, creating 300 jobs in the region and generating significant revenue for the local economy, the Jordan News Agency, Petra, reported.

Strengthening relationshipsChairman of JPMC board of director, Muhammad Thunaibat, and Ramazan Ozturk, chairman of the Turkish company’s board of directors, both signed the deal and stressed the importance to foster and enhance cooperation between both countries.

Thunaibat stated that JPMC is eagerly anticipating the new partnership with the Turkish Transept, which will lead to the exchange of experiences, particularly in the field of the phosphate fertilizers industry. He added that it will also lure more Turkish investments to Jordan.

"JPMC has a bold goal to grow the manufacturing sector, diversify its revenue streams, increase production and sales to international markets, and open up new markets," he said.

He highlighted that this agreement with the Turkish firm is in addition to a number of agreements JPMC has made with other foreign counterparts involved in the phosphate and phosphate fertilizer industry, in order to strengthen its position at the local, regional, and international levels.

Osturk praised the agreement for helping to strengthen relationships between institutions and businesses in the public and private sectors of Jordan and Turkey.

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