Under the terms of the partnership, Elixir will construct a new factory for the production of MAP with a nameplate capacity of 50,000 t/a at its site in Prahovo, Serbia. This location was chosen because the supply of phosphoric acid, which is the key raw material for this product, is ensured there. The amount of the investment was estimated at €35 million. Partner K+S will be responsible for the global distribution of the product with a focus on the European, Eastern European and Indian markets.

According to Elixir, engineering work has begun, while the construction is expected to start in spring 2024. The start of production and availability of the first quantities of crystalline MAP from the new factory in Prahovo is expected in early 2026.

MAP is a highly concentrated free-flowing water-soluble fertilizer containing 12% nitrogen and 61% phosphorus, in the form of crystals. It is used in modern fruit and vegetable production and applied through drip irrigation systems. In this way, plants efficiently absorb nutrients, which results in higher yields and better quality of agricultural products in every growth stage. Further, crystalline MAP is increasingly used and in demand as a raw material in other industrial branches, Elixir said.