An MoU has been signed for setting up a fertiliser complex in South Jordan’s White Valley.

Parties to the MoU are Venture Capital Bank (VCBank), a Bahrain-based Islamic investment bank, Jordon Arab Fertilisers and Chemicals Company (Jafcco) and Jordan Phosphates Mines Company (JPMC).
Abdullatif Mohammad Janahi, board member and CEO of VCBank, said the MoU aimed for the development of a fully integrated industrial complex”.
Janahi added that the project was in line with VCBank’s objective of contributing to the growth of regional economies.
“Given the mineral resources available in Jordan and the quality of its human capital, we are excited to finalise this transaction and start the production in order to satisfy regional market needs for fertiliser products”.
 The complex will manufacture fertilisers and chemicals such as potassium sulphate of 80,000 tonnes per year (tpy) capacity, sulphuric acid (75,000 tpy), technical/food grade phosphoric acid (22,000 tpy) and calcium chloride (50,000 tpy).
An advantage of the plant is that it will have access to raw materials from the Jordan Phosphates Mines Company and the Arab Potash Company.
  The project will be completed in two years and the output will be distributed in neighbouring and international markets
JPMC’s chairman Al-Kurdi said the project demonstrated the growing cooperation between Jordan and GCC countries such as Bahrain in creating an attractive investment environment for foreign investors in Jordan. He added that the venture could be the forerunner of partnerships in different sectors in Jordan.
Jafcco’s chairman Khalid Manasrah commented: “Given that Jordan is the only producer of potash in the Arab world and realising the need for suphate of potassium in Jordan and neighboring countries, Jafcco started the production of the chemical in 1997 and has been growing its production since then.
“We are very proud to partner with prominent institutions such as VCBank and JPMC and believe that with the capabilities of our strategic partners, we can expand the chemical fertilisers industry in Jordan.”