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OCP and Fertinagro team up to produce enhanced fertilizers in Morocco
Jan. 29, 2019
OCP Group
MoroccoFollow
Morocco
Fertinagro Biotech SL
SpainFollow
Spain
OCP, Morocco’s leading exporter of phosphate rock, phosphoric acid and phosphate fertilizers, and Spanish firm Fertinagro announced the creation of a joint venture for the production of enhanced fertilizers.The new company will be named OCP-Fertinagro Advanced Solutions, owned by OCP Group and Fertinagro. It will be located in Jorf Lasfar.
In a communiqué made public by OCP, the two firms stated that the new joint venture will start operating in 2020 and «will have an initial annual capacity of 250,000 tons of specialty NPK fertilizers».
The company also plans to set up «advisory services to farmers, capitalizing on both companies’ deep experiences in the field», the same source said. The creation of this joint venture came a few months after OCP's investment in Fertinagro in October 2018.
Source: Interempresas
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