State-owned Office Cherifien des Phosphates (OCP)has signed a memorandum of understanding (MoU) with Pakistan's Fauji Fertiliser Bin Qasimto create a 50:50 joint venture for the development of a 375,000-tonne-a-year (t/y) phosphoric acid plant in the kingdom.
State-owned Office Cherifien des Phosphates (OCP)has signed a memorandum of understanding (MoU) with Pakistan's Fauji Fertiliser Bin Qasimto create a 50:50 joint venture for the development of a 375,000-tonne-a-year (t/y) phosphoric acid plant in the kingdom. Tenders for the plant's construction will be issued once Fauji completes a four-month feasibility study on the estimated $200 million facility. The plant, which will take 18 months to build, will be supplied with phosphate rock from OCP's Khourbiga mine, with its output exported to feed Fauji's 450,000-t/y diammonium phosphate (DAP) plant in Pakistan. OCP is involved in four other joint ventures with foreign firms: Prayon, a 50:50 joint venture with Societe Regionale d'Investissement de Wallonie (SRIW),which operates two facilities in Belgium; Imacid, a 50:50 joint venture with India's Chambal Fertiliser, which produces 330,000 t/y of phosphoric acid at Jorf Lasfar; Emaphos, a joint venture between OCP, Prayon and Germany's Chemische Fabrik Budenheim (CFB), which produces 120,000 t/y of phosphoric acid at Jorf Lasfar; and Zuari Maroc Phosphate, a 50:50 joint venture with Chambal Fertiliser, which holds a 74 per cent stake in India's Paradeep Phosphate (PPL), which produces 1 million t/y of fertiliser. In June 2003, OCP announced that it was to build an $85 million fertiliser plant at the firm's Jorf Lasfar industrial complex, with the aim of increasing its DAP production capacity to 3 million t/y by 2005 (MEED 12:6:03).
You might also like...
McDermott completes financial restructuring exercise
28 March 2024
Region heads for hotel boom
28 March 2024
Lowest bidders emerge for Kuwait housing project
28 March 2024
Redcon wins Red Sea Triple Bay infrastructure deal
28 March 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.