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Potash is produced worldwide in amounts exceeding 71.9 million tonnes (~45.4 million tonnes K 2 O equivalent [5]) per year as of 2021, with Canada being the largest producer, mostly for use in fertilizer. [6] Various kinds of fertilizer-potash constitute the single greatest industrial use of the element potassium in the world.
Agricultural use of inorganic fertilizers in 2021 was 195 million tonnes of nutrients, of which 56% was nitrogen. [20] Asia represented 53% of the world's total agricultural use of inorganic fertilizers in 2021, followed by the Americas (29%), Europe (12%), Africa (4%) and Oceania (2%). This ranking of the regions is the same for all nutrients.
The main potash mining company in Saskatchewan until its merge was the Potash Corporation of Saskatchewan, now Nutrien. [60] The water of the Dead Sea is used by Israel and Jordan as a source of potash, while the concentration in normal oceans is too low for commercial production at current prices. [58] [59]
Potash is a key input required for producing nitrogen-containing fertilizers, and Russia and Belarus are the world's second- and third-largest producers of the commodity after Canada.
Potash is recovered from surface brine of the Dead Sea, at plants in Israel and Jordan. In 2013 Dead Sea brine provided 9.2% of the world production of potash. [14] As of 1996, the Dead Sea was estimated to contain 2.05 million tons of potassium chloride, the largest brine reserve of potassium other than the ocean. [13]
According to the company, it is one of the world's top-5 leading producers of nitrogen, phosphate, potash and complex fertilizers. [11] In 2021, EuroChem had sales revenues of US$10,2bn, of which nitrogen US$3.5bn, phosphate US$3.8bn and potash US$1bn. [12] In 2022, the company's revenue in Russia amounted to 52 billion rubles. [13]
According to Reagor, Brazil’s heavy reliance on potash imports underscores the project’s importance, and favorable financing terms could unlock additional valuation upside. The Autazes project ...
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