Thailand is pushing ahead with three major potash projects as it seeks to reduce reliance on imported fertiliser and develop a domestic production base in the country’s northeast.
Industry Minister Varawut Silpa-archa said on 20 October that Thailand currently imports about 5 million tonnes (Mt) of chemical fertiliser each year, including roughly 1Mt of potash fertiliser worth ฿14 billion ($591.5 million).
If all three projects meet their targets, combined potash production capacity could reach about 3.2Mt per year, leaving an estimated 2.2Mt available for export after domestic demand is met.
The most advanced project, operated by Thai Kali in Nakhon Ratchasima, is targeting 100,000 tonnes per year and is expected to begin production in the second half of 2027.
Asia Pacific Potash’s Udon Thani project is targeting 2Mt per year, with production expected by 2030, subject to approval of a planned capital increase.
ASEAN Potash Chaiyaphum is targeting 1.1Mt per year but remains involved in a dispute over about 8 billion baht in special payments to the state.
The government says the projects could also generate more than ฿30 billion in annual export revenue if they reach planned capacity.
Thailand’s northeast hosts large potash deposits across the Khorat and Sakon Nakhon basins, with the government seeking to position the country as a regional production and export hub.
Write to France Pinzon at Mining.com.au
Main image: Asia Pacific Potash
