Jordan Bromine plant to cost about $100m

05 September 2000 17:31  [Source: ICIS news]

HOUSTON (CNI)--Albemarle anticipates an expenditure of about $100m (Euro112m) by the Jordan Bromine joint venture company on the bromine and bromine derivatives plant planned for near the Dead Sea by 2002, the company told CNI Tuesday.

To that end, Jordan Bromine on Tuesday formalised its previously announced agreement with Canada's Agra Monenco for engineering, procurement and construction management on the facilities in Safi, Jordan.

Amman, Jordan-based Jordan Bromine is a venture between Albemarle's Albemarle Holdings, the Arab Potash Company and Jordan Dead Sea Industries.

Agra Monenco is headquartered in Toronto, Ontario and Albemarle is based in Baton Rouge, Louisiana.

Charles Taylor, general manager for Jordan Bromine said the project remains on schedule with construction expected to begin early next year for a start-up by mid-2002.

By: Gary Taylor
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