Norsk Hydro pulls out of Jordan fertiliser joint venture

01 December 2000 14:58  [Source: ICIS news]

LONDON (CNI)--Norsk Hydro said Friday it has decided to pull out of its proposed joint venture fertiliser project in Jordan.

Hydro Agri Jordan (HAJ), a joint venture between the Norwegian group and Jordan Phosphate Mines Co (JPMC), had planned to build phosphoric acid and complex fertiliser production facilities in Jordan.

But Norsk Hydro revealed today that it has withdrawn from the joint venture because higher priority has been given to other investment opportunities within the group's core business areas - oil and energy, light metals and agrochemicals.

Norsk Hydro added that it will continue to look for joint business opportunities with JPMC.

The HAJ project involved production of 440 000 tonne/year of phosphoric and sulphuric acid at Eshidiya plus granulating plants at Aqaba with the capacity to produce 1.2m tonne/year of NPK (nitrogen-phosphorous-potassium) and phosphate fertilisers.

By: Anna Jagger
+1 713 525 2653

< previous article(VIDEO - ICIS news Europe Lunchtime Bulletin 30 October 2009)

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly