Marketing in Middle East Phosphoric Acid and Chemicals Market
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The feedstock of Phosphoric acid production units in the Middle East is provided by the import of phosphate soils and petrochemicals.
Most of these manufacturers operate under the license and basic engineering of foreign companies with 100% private ownership. Countries' need for phosphoric acid as a raw material for the production of chemical fertilizers and livestock and poultry food supplement encourages Middle Eastern investment companies to build these plants.
These projects, with their high potential for development, can bring high export earnings if invested. Most Middle Eastern countries import phosphoric acid.
Due to the low production of phosphoric acid in the Middle East, the need for this product is met through its import. Imported phosphoric acid entered in the form of a seal in 20-liter (35 kg) packages and 1000-liter (1650 kg) storage tanks.
New contracts have been signed for the construction of phosphoric acid plants, but by 2025 these units will not be operational. For example, 250 million euros will be invested in this field by the National Iranian Copper Industrial Company. National Iranian Copper Company will need 1.2 million tons of phosphate soil annually to produce phosphate fertilizer.