06 December 2010 20:40 [Source: ICIS news]
SAO PAULO (ICIS news)--Canadian producer MBAC Fertilizer (MBAC) is planning to build a phosphate plant in the state of Tocantins in Brazil, the company said on Monday.
MBAC will invest $200m (€150,000) in a 500,000 tonne/year plant to produce single superphosphate (SSP).
MBAC said it will submit environmental studies to regulators so it can receive a construction license. Construction could start in the first quarter.
The company said it expects production to start by mid 2012.
($1 = €0.75)
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