OCP, the world’s biggest phosphates exporter, will build the two plants, each with capacity of a 1 million tpy, as part of its push to drive the use of phosphates-based fertilisers in Africa, Soufiyane El Kassi said via email.
It had already announced plans to start operating a 2.5-million tpy fertilizer plant in Ethiopia by 2023 or 2024 with phosphoric acid supplied from Morocco, and El Kassi said its output would be for both the domestic and export markets.
The group also operates 28 blending units where fertilizers are customised to the requirements of different soils and has offered training to help 750 000 African farmers in eight countries to increase production.
In 2019, OCP’s fertilizer exports hit 9 million t, including 1.8 million t to Africa or 58% of total fertilizers sold on the continent.
Low international prices however incurred a 3% drop in revenue to US$5.5 billion in 2019.
It has cut production by 500 000 t in 1Q20, a move which El Kassi said was to adapt to market demand.
Read the article online at: https://www.worldfertilizer.com/project-news/26062020/ocp-group-expects-plants-in-nigeria-and-ghana-to-be-operational-by-2024/