Sirius has already secured aggregate peak contracted take-or-pay sales of 8.2 Mtpa in Southeast Asia, China, Africa, North America and South America. These customers have agreed to buy a minimum amount of POLY4 once production begins and pay a given price.
The global fertilizer market for the component nutrients in POLY4 is substantial with a value of $190 billon in 2016 and predicted to reach a value of $245 billion by 2020. At full production, this means that POLY4 would only account for up to 4.5% of the global market.
The market opportunity for POLY4 is framed in three key areas – as a substitute for existing products, to meet unmet market demand for high-value products and to provide premium performance.