“The new PPA agreement with Nutrien is an important step forward in sustaining Innophos’ leadership position and supporting our commitment to provide our customers with our market-focused specialty phosphate portfolio serving the Food, Health, Nutrition and Industrial Specialties end markets,” said Kim Ann Mink, Ph.D., Chairman, President and Chief Executive Officer. New Jersey - based speciality phosphates producer Innophos has signed a three - year deal with Nutrien for the supply of petroleum phosphoric acid ( PPA ) . The agreement replaced an existing agreement that was scheduled to expire this year , and will supplement Innophos ' internal PPA contracts . The agreement is in line with the company 's strategic manufacturing optimisation initiative to increase security and lower costs of the supply chain over the long - term , according to Bloomberg .
New Jersey - based speciality phosphates producer Innophos has signed a three - year deal with Nutrien for the supply of petroleum phosphoric acid ( PPA ) . The agreement replaced an existing agreement that was scheduled to expire this year , and will supplement Innophos ' internal PPA contracts . The agreement is in line with the company 's strategic manufacturing optimisation initiative to increase security and lower costs of the supply chain over the long - term , according to Bloomberg .