here is an interesting article from novaphos on their thermal process.
https://novaphos.com/wp-content/uploads/2024/08/World-Fertilizer-Article-24.05.pdfwith any of these projects they are going to be capital intensive so you need to make sure you have the ongoing market or offtake agreements to solidify the project economics.
it terms of this the yellow phosphorus plant will be underpinned by the hebang relationship and their Indonesian plant
in terms of the LFP cathode plant as noted by icl you would want a long term offtake agreement with some controls on minimum price. Whilst there is a glut of cathode in China there is currently limited LFP supply in western countries. This will need to be addressed in the medium term.
going forward IMO thermal production of phosphates in conjunction with renewable energy will supersede wet acid production as it is more efficient and less wasteful
