Post by
CanadianCody on Oct 20, 2021 10:14pm
Itafos Announces Restart of Sulfuric Acid Plant at Arraias
Itafos Announces Restart of Sulfuric Acid Plant at Arraias HOUSTON, Oct. 20, 2021 (GLOBE NEWSWIRE) --Itafos Inc. (TSX-V: IFOS) (the "Company") announced today its decision to restart the sulfuric acid plant at Arraias. The recommissioning of the sulfuric acid plant at Arraias is expected to be completed over a four-month timeframe in order to commence sulfuric acid sales during Q1 2022. "There continues to be significant demand for fertilizer products globally, including sulfuric acid in our Brazilian markets. Restarting our sulfuric acid plant at Arraias provides us with an opportunity to supply market demand at positive margins while we continue to evaluate strategic alternatives," said G. David Delaney, CEO of Itafos. Arraias' sulfuric acid plant has production capacity of 220kt per year. The sulfuric acid plant, as well as the remainder of the infrastructure associated with Arraias' vertically integrated phosphate fertilizer business, has been idled since Q4 2019. The remainder of Arraias' key infrastructure, including its mine, beneficiation plant, acidulation plant and granulation plant are expected to remain idled following best practices. The restart of the sulfuric acid plant at Arraias is independent of the previously announced stage-gate restart program launched during Q2 2020. The next deliverable related to the stage-gate restart program remains the completion of a revised geological model and long-term mine plan of the Domingos pit, which is expected to be completed during Q4 2021.