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Sulphur 422 Jan-Feb 2026

29 January 2026

Phosphate investment deal

Phosphate investment deal

Syria’s Geological and Mineral Resources Authority has signed an agreement with Teryaq, a subsidiary of Serbia’s Exlixir Group, aimed at exporting 1.5 million t/a of phosphate by the end of 2026. The agreement marks a significant step in Syria’s efforts to expand international partnerships and optimise its mineral resources for economic gain. Elixir Group owns the largest phosphoric acid plant in Europe and operates three fertilizer plants in Serbia.

Syria’s Director-General of the Geological and Mineral Resources Authority, Siraj al-Hariri, told local media that the deal will cover the entire phosphate process, from exploration and extraction to export. The first phase aims to export 1.5 million tons of phosphate by 2026, with potential for further cooperation, including the establishment of phosphate processing plants tied to related industries.

“This is the first step in entering global markets,” al-Hariri said, adding that Syria plans to ramp up phosphate production to 5 million t/a in the coming year, with the possibility of increasing output to 7 or 8 million t/a.

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Feedstock allocation for fourth phosphate plant

The Saudi Arabian Mining Company (Ma’aden) says that the Ministry of Energy has approved the allocation of feedstock for its fourth phosphate project. This project aims to produce approximately 1.1 million t/a of ammonia and increase the production of phosphate and specialty fertilizers by about 2.5 million t/a, raising the company’s total production capacity to nearly 12 million t/a. This will further solidify Ma’aden’s position as one of the world’s largest producers of phosphate fertilizers, according to a company statement. Ma’aden will now commence engineering studies and obtain the necessary approvals.