PolyNatura’s Potash Mine Near Hobbs Moves Forward, New Mexico
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A potash mine to be built near Hobbs could be coming to southeast New Mexico, as a deal was signed this week to ensure the sale of most of its future production.
PolyNatura plans to mine, process and manufacture fertilizer products containing polyhalite — a mineral salt that contains potash and various sulfates — at its Ochoa Project about 20 miles west of Jal.
The company signed a deal with national fertilizer company Nitron Group to purchase 75 percent of PolyNatura’s production, about 1.5 million tons at peak production, over a five-year period that would start at the first production.
Nitron is one of the world’s largest traders and distributors of fertilizer products, serving 65 countries and reporting 7 million tons of fertilizer sold in 2018.
“We are excited to partner with one of the most respected names in the global fertilizer industry,” said PolyNatura Managing Director Graham Wheelock.
“Financial strength, geographic reach, and deep industry knowledge make Nitron the ideal partner to distribute our organic fertilizer globally, enabling farmers around the world to improve crop yields and quality.”
Nitron President Javier Urrutia said the “offtake” agreement will allow his company to provide quality products to customers around the world.
“Our mission at Nitron is to provide high-quality products to meet the growing demands of our clients around the world,” he said. “This offtake agreement with PolyNatura will enable us to distribute an important organic fertilizer throughout the Americas and other key markets.”
Polyhalite is a naturally reoccurring mineral that can be applied directly to as an organic fertilizer with “minimal process,” reads a PolyNatura news release.
Raymond Hoyum, an affiliate professor at Auburn University’s College of Agriculture said the mineral is totally water soluble, containing potassium, magnesium, calcium and sulfur, providing balanced crop nutrition.
It was approved for organic use by the Soil Association and Organic Farmers and Growers, along with other organizations around the world.
“As growers continue to strive for high yields and improved crop quality, polyhalite should be an essential part of their total fertility program,” Hoyum said.
Source: Carlsbad Current Argus
To stop by PolyNatura’s website, CLICK HERE
To stop by Nitron’s website, CLICK HERE
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