OCP to bolster fertilizer production at home, in Africa
OCP has signed a €80 million deal with Finland’s Outotec to build a sulphuric acid plant, an investment that comes only few days after the Moroccan phosphates exporter signed a €255 million agreement with Spain’s Intecsa to build two similar plants.
The new plants will help OCP maintain leadership in the phosphates-based fertilizers market especially in Africa.
OCP, which is currently producing customized fertilizers specific to the needs of different African soils from its chemical plants in Jorf Lasfar, is also planning large-scale investments in Africa.
In Ethiopia, the group already launched a plant that will be operational in the next two or four years. The plant required an investment of about $3 billion and is expected to export raw material for the production of fertilizers to the region.
OCP is also planning a fertilizer plant in Nigeria and probably in Ghana where feasibility studies are underway.
OCP is also gearing efforts to improve the process of agricultural productivity in Africa through helping farmers and establishing soil maps.