28 June 2013 23:15 [Source: ICIS news]
HOUSTON (ICIS)--Canadian phosphate and potash producer MBAC Fertilizer announced on Friday it has received the final operating licence from the Tocantins State Environmental Agency to produce phosphate at its Itafos Arraias project in Brazil.
This will allow Toronto-based MBAC to begin running all of its facilities, which include a sulphuric acid plant, a single superphosphate plant and the granulation plant, the producer said.
MBAC has invested $323m (€249m) in the facility, which is scheduled by 2014 to reach full capacity of 330,000 tonnes/year of rock concentrate grading 28% phosphate.
The company’s Itafos operation is the first large-scale fertilizer facility in the booming agricultural region of Cerrado and is expecting to greatly benefit the local farming community by supplying crop nutrients while reducing logistical problems and overall costs.
In addition, the facilities will boost regional employment and increase the surrounding infrastructure, which is an issue in many of Brazil’s farming sectors because government projects like transportation have not been able to keep pace with the surge of the country’s agricultural industry and its growing global impact on commodity trade and supply.
($1 = €0.77)
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