Belarus: Haifa Chemicals could invest in a potassium nitrate project

Israel’s Haifa Chemicals Ltd. could invest USD 100 million in Belarus in a potassium nitrate project. One problematic issue is the volume of nitric acid required, as the local nitrogen producer Grodno Azot do not has sufficient capacity, albeit it was reported that additional facilities would be constructed. Haifa Chemicals has production sites in the Haifa Bay, in the Negev desert, and in France (Lunel), with a combined annual nameplate capacity of 0.5 million potassium nitrate.  Under private ownership since 1989, Haifa is owned by an American Holding Company, Trance Resource Inc (TRI), controlled by the Trump Group. In the 2010 they had annual turnover of some USD 650 million.

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