Indo-Jordan JV Sets Up World's Largest Sulphuric Acid Plant in Eshidiya, Jordan

[Chanakya's_Chant]

Indian President, Jordan King Inaugurate $860 Million Chemical Plant

President Pranab Mukherjee with King Abdullah of Jordan during inauguration of JIFCO Plant at Al Husseinieh Palace in Amman on Saturday
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President Pranab Mukherjee and Jordananian King Abdullah II on Saturday inaugurated the world's largest sulphuric acid plant, an Indian joint venture built at a cost of $860 million.

The joint venture between IFFCO (Indian Farmers Fertiliser Cooperative Limited) and JPMC (Jordanian Phosphate Mines Company) plant, which was conceived in 2007, is now operational in the town of Eshidiya, 325 kms from Jordan's capital city of Amman.

The plant will come as a huge relief to India's agricultural sector requirements in view of meagre availability of phosphates in India.

Phosphoric acid produced at the plant will be exported to the Kandla port in Gujarat from Jordan's Aqaba port, which is close to the location of the plant. International Finance Corporation (IFC) has given a loan of $335 million to the project in which IFFCO has a 52 per cent stake.

The two leaders inaugurated the plant using remote buttons, with the project and workers visible on a large screen at the Al Husseinieh Palace. IFFCO's Managing Director and CEO, U.S. Awasthi, thanked the king for his support to the project and announced a grant of 1,00,000 Jordanian Dinars to Queen Alia's fund to support education in Jordan.

President Mukherjee today arrived here on the first leg of his six-day historic visit to turbulent West Asia.

(PTI)

Source:- Indian President, Jordan King Inaugurate $860 Million Chemical Plant | BW | Businessworld

 

[Chanakya's_Chant]

Fertiliser major IFFCO's joint venture project JIFCO in Jordan has started production of phosphoric acid last year.

IFFCO and its affiliates hold about 52 per cent equity, while JPMC holds remaining 48 per cent equity in the firm.

As per the agreement, JPMC will make available the required quantity of Rock Phosphate for the project. IFFCO and JPMC together will buy back entire production of phosphoric acid from the plant. Construction of the plant was started in October 2010 and its capacity is 1500 tonnes per day of phosphoric acid and 4,500 tonnes per day of sulphuric acid.

Besides this, IFFCO also owns shares in Indian Potash Ltd, Industries Chimiques du Senegal, Oman India Fertiliser Company in Oman. It is also present in the insurance sector through a joint venture firm, IFFCO-Tokio General Insurance.

IFFCO is the largest soil nutrient producer in the country, with an annual output of 4.4 million tonnes of urea and 4.3 million tonnes of complex fertilisers.

IFFCO's Jordan plant starts production of phosphoric acid - timesofindia-economictimes

 

[Ragnar]

Would love to see more defence co-operation with Jordan. They have a very professional setup from the days of Glubb Pasha.