This is a strategic move that strengthens Haifa Group’s position as a world leader in the production and supply of nutrients to plants in the world of precision agriculture
Haifa Group and Saipem have signed a contract worth over 200 million USD for the building of a long-awaited ammonia plant at Mishor Rotem site. The contract was signed during an online ceremony in the presence of Haifa Group CEO, Motti Levin, Haifa Group board member and project leader, Dr Eli Abramov, and Saipem’s CEO, Stefano Cao, and Saipem’s COO Onshore E&C Division, Maurizio Coratella.
The facility is expected to be built with an investment exceeding 200 million USD to produce around 100,000 tons of ammonia per year, and its construction will take around three years. The plant will provide a steady, safe and continuous supply of ammonia, which is used as a vital material for the production of potassium nitrate fertilizer, Haifa Group’s flagship product. The company expects to use most of the facility’s production capacity, when the rest will be offered to customers in Israel for the wide range of uses for ammonia.
Motti Levin, Haifa Group CEO, said, “This is a strategic move that strengthens Haifa Group’s position as a world leader in the production and supply of nutrients to plants in the world of precision agriculture. It will contribute to the increase of agricultural yields while maintaining the ecological balance. Self-production of ammonia will enable a continuous, stable, and independent supply of the main raw material used by the Haifa Group in the process of manufacturing the company’s high-quality flagship products”.
