Markets :: Fine Chemicals/Biotech :: Agricultural chemicals
Rashtriya Outlines Plans for DAP Plant in India
12:20 PM MDT | July 25, 2007 | Deepti Ramesh
Rashtriya Chemicals & Fertilizers Ltd (RCF; Mumbai) says it will hold a 51% stake in its planned 255,000-m.t.year diammonium phosphate (DAP) plant joint venture with Rajasthan State Mines & Minerals Ltd (RSMML; Udaipur). RSMML will hold the remaining shares. The companies will invest a total of about $90 million to build the plant, which will be located at Kapasan in the northwestern Indian state of Rajasthan, RCF says (CW, Feb. 28, p. 22). The plant will also have capacity to produce 125,000 m.t/year of phosphoric acid as 100% P205. The companies chose...
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