Morocco’s OCP, the world’s largest phosphates producer, welcomed the US decision to cut the customs duty on phosphates-based fertilizers from 19.97 to 2.12%. The group had announced in late 2022 a $13 bln green investment plan to increase fertilizer and ammonia production using renewable energy. OCP is one of the world’s biggest ammonia importers spending $2 billion on the raw material that is essential to fertilizer manufacturing. OCP plans to kick off production with 200,000 tons of ammonia in 2026 and 1 million tons in 2027 as it also seeks to increase production of fertilizers to 20 million tons in 2027 after 12 million tons in 2021. The company also plans to increase desalination capacity in Safi and Jorf Lasfar sites in order to supply surplus to nearby towns.
Source: The North Africa Journal November 21, 2023 03:00 UTC