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Fertilizer use is the main driver behind potash consumption, especially for its use in fertilizing crops that contribute to high-protein diets. [22]: 23 As of at least 2010, more than 95% of potash is mined for use in agricultural purposes. [22]: 24 Elemental potassium does not occur in nature because it reacts violently with water. [34]
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]
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.
Potassium hydroxide is an inorganic compound with the formula K OH, and is commonly called caustic potash. Along with sodium hydroxide (NaOH), KOH is a prototypical strong base . It has many industrial and niche applications, most of which utilize its caustic nature and its reactivity toward acids .
The merger was finalized in June 2011, with the combined Uralkali accounting for about 20% of the world's potash production. [8] On 9 November 2012, Chengdong Investment Corp., a unit of the sovereign wealth fund China Investment Corporation, bought bonds from the shareholders with maturation in 2014 which were exchangeable into a stake in ...
[22] [18] The industry developed out of demand for ashed soda, or potash, which was used to create glass and soap, and led to shortages for agricultural applications in traditional coastal communities. Potash is a water-soluble potassium rich concentrate made from plant matter, so it was also exported as a fertilizer. [18]
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]
Potassium sulfate (US) or potassium sulphate (UK), also called sulphate of potash (SOP), arcanite, or archaically potash of sulfur, is the inorganic compound with formula K 2 SO 4, a white water-soluble solid.