PhosAgro and the Saudi Arabian Mining Company (Ma’aden) have signed a landmark memorandum of understanding (MoU) that will provide new motivation to the development of the global phosphate-based fertiliser industry.
The agreement aims to contribute to the sustainable development of the companies, as well as to domestic and global food security by helping to secure the uninterrupted supply of safe and high-quality fertilisers to agricultural producers around the world.
Under the MOU, two of the world’s leading phosphate-based fertiliser producers agreed to share best practices and knowledge related to technical aspects of production, environmental protection, and workplace health and safety, including from PhosAgro subsidiary NIUIF, which is Russia’s only research and development institute for fertilisers and insectofungicides.
The parties will also undertake a number of measures to support their long-term sustainable development, including participation in a range of initiatives aimed at ensuring the reliability and stability of supply of phosphate-based fertilisers to agricultural producers worldwide.
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