Brief: Saudi's Ma'aden Signs 4 MoUs With Indian Fertilizer Companies

Gujarat State Fertilizers & Chemicals

26/08/2022 06:54

Aug 26 (Reuters) - SAUDI ARABIAN MINING COMPANY (MA'ADEN)
 1211.SE  :
    * SIGNED FOUR MEMORANDUMS OF UNDERSTANDING WITH INDIA'S
LARGEST
FERTILIZER COMPANIES, AIMS TO INCREASE PHOSPHATE FERTILIZER AND
AMMONIA EXPORTS TO INDIA 
    * THE AGREEMENTS SEEK TO DOUBLE MA'ADEN'S EXPORTS OF
PHOSPHATE
PRODUCTS AND AMMONIA TO INDIA STARTING IN 2023, WITH PLANS TO
EXPLORE PRODUCT AND TECHNOLOGY DEVELOPMENT COLLABORATION FOR
PHOSPHATE FERTILIZERS
    * MOUS INCLUDE AN AGREEMENT WITH THE INDIAN POTASH COMPANY
LIMITED
TO SUPPLY PHOSPHATE PRODUCTS 
    * MOUS INCLUDE AN AGREEMENT TO SUPPLY AMMONIA TO GUJARAT
STATE
FERTILIZERS & CHEMICALS LIMITED
    * TWO AGREEMENTS, WITH KRISHAK BHARATI COOPERATIVE COMPANY
LIMITED
AND COROMANDEL INTERNATIONAL LIMITED RESPECTIVELY, TO SUPPLY
PHOSPHATE PRODUCTS AND AMMONIA, EXPLORE COLLABORATION IN
MULTIPLE GROWTH AREAS AND TO PURSUE JOINT DEVELOPMENT OF
TECHNOLOGY FOR SPECIALTY PRODUCTS, PRODUCT DEVELOPMENT, AGRONOMY
AND LOGISTICS SOLUTIONS

Further company coverage:  1211.SE 

 ((Reuters.Briefs@thomsonreuters.com;))