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Jordan Phosphate Mines and PT Petrokimia Gresik Form Fertilizer JV in Indonesia

3:54 AM MST | January 18, 2010 | Natasha Alperowicz

Jordan Phosphate Mines Co. (JPMC; Amman) and PT Petrokimia Gresik (PKG; Jakarta) have signed an agreement to form an equally-owned joint venture to produce fertilizer raw materials in Indonesia. The new company, Petro-Jordan Abadi plans to set up a $200 million complex at Gresik, Java, Indonesia to produce 600,000 m.t./year of sulfuric acid and 200,000 m.t./year of phosphoric acid, using phosphate rock supplied by JPMC. Najem Hummadi, deputy CEO/production at JPMC, tells CW that JPMC will supply phosphate rock to the new company throught the life time of the...

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