Saudi Arabia Plans to Triple Phosphate Fertilizer Output to 18 Million Tons by 2040

According to Saleh Al-Solami, CEO of Saudi Arabia's National Industrial Development Center (NIDC), the country aims to expand its phosphate fertilizer production to 18 million tons by 2040, up from the current 6 million tons. The announcement was made at the St. Petersburg International Economic Forum. The expansion plan comes amid concerns over supply security following recent geopolitical tensions affecting key shipping routes.
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