Four years ago, we announced our joint venture in Saudi Arabia, the Ma’aden Wa’ad Al Shamal Phosphate Company (MWSPC), to help Mosaic extend our ability to serve key growing agricultural markets. Since then, lots of work has been done to bring the project to life. Last year, MWSPC celebrated a significant milestone with the first production of ammonia at the Ras Al Khair facility.
MWSPC recently checked an additional major milestone off the list—producing its first tonnes of finished DAP.
Only one train is up and running right now at MWSPC’s granulation plant in Ras Al Khair—but when all four trains are online later this year, the joint venture is expected to produce approximately 3 million tons per year of DAP, MAP and NPK fertilizers. Once complete, it will be one of the lowest cost phosphate producers in the world.
Mosaic’s 25 percent ownership in MWSPC, along with Ma’aden’s 60 percent and SABIC’s 15 percent, complements our existing operations by providing a new source of phosphate rock and improving access to growing agricultural markets, most notably India. Our growing global reach further enables us to fulfill Mosaic’s mission, to help the world grow the food it needs, while delivering compelling shareholder value