Prospect Global signs potash supply agreement with Sichuan Chemical

Sichuan Chemical Industry Holding (Chengdu, China) has signed an agreement with Prospect Global Resources (Denver) to purchase at least 500,000 mt/year of potash, or 25% of the projected output, from Prospect Global’s planned American West Potash field at Holbrook, AZ. The $2-billion deal is over a 10-year period, and is a take-or-pay contract—backed by a letter of credit—and also gives an option for the American West field to sell and Sichuan Chemical to purchase an additional amount of potash, the companies say. The American West site is...

This information is only available to Chemical Week subscribers.

Forgot your user ID or password?
Click here to have it sent to you.

Email Address First Name Last Name

Not an IHS Chemical Week 24/7 member yet? Here's why you should be: Searchable online archive access of the last 2 years of Chemical Week. Print or digital magazine subscription Price and market change alerts Economic data and statistics Buyers' Guides Webcasts | whitepapers