Karnalyte announces closing date for GSFC investment, receives approval for Wynyard potash project

Karnalyte (Okotoks, AB) will receive an investment of about $45 million from Gujarat State Fertilizers & Chemicals (GSFC; Vadodara, India) for the development of Karnalyte’s potash project at Wynyard, SK, Karnalyte has announced. The closing date for the investment is anticipated to be about 22 February. GSFC, as part of the deal, will also sign a committed offtake agreement for the sale and purchase of approximately 350,000 m.t./year of potash from the project's phase 1, increasing to 600,000 m.t./year with the commencement of phase 2. Karnalyte...

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