Yara and Deepak Form Fertilizer JV in India

Yara has signed a preliminary agreement with Deepak Fertilisers and Petrochemicals (Pune, India) for a joint venture to produce and market technical ammonium nitrate (TAN) and specialty fertilizers. It will be Yara’s first production in India. Yara will have 49% of the jv, which will take over a 300,000-m.t./year TAN plant that is due onstream at Paradip, India by year-end. The Indian TAN market is estimated at 400,000 m.t./year and is growing at 5%-6%/year, Yara says. The main applications are in explosives. Deepak is the only major producer of TAN in...

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