Updated
Morocco’s OCP starts production at $537 million fertilizer plant | Reuters
Morocco’s newest fertilizer plant will be geared towards the African market:
The world’s leading phosphate exporter, Morocco’s Office Cherifien de Phosphate (OCP), has started production at a new fertilizer plant dedicated to the African market, the state news agency MAP reported on Monday.
OCP invested 5.3 billion dirhams ($537 million) in the plant in the Jorf Lasfar area, on the Atlantic coast, MAP reported.
The plant, inaugurated by the Moroccan king on Monday, includes units that can produce 1 million tonnes of fertilizer, 1.4 million tonnes of sulfuric acid and 450,000 tonnes of phosphoric acid annually.
Moroccan companies, including banks and insurers, have been investing aggressively in Sub-Saharan Africa. OCP has already signed agreements with governments and firms there…[FULL STORY]