Moroccan Phosphate Giant OCP to Build $1.3 Billion Ammonia Plant in Nigeria
The Office Chérifien des Phosphates (OCP) plans to invest $1.3 billion in the construction of a new plant and thus start its ammonia production in Nigeria in 2023.
The Moroccan state group has already identified gas suppliers for its plant in Nigeria, announces the director of OCP Nigeria, Mohammed Hettiti. This plant will have an annual production capacity of 750,000 tons of ammonia and 1 million tons of fertilizers.
The manager also indicates that the Nigerian plant plans to export the ammonia to the Moroccan plant in Jorf Lasfar, while Morocco will provide phosphoric acid to manufacture fertilizers, reports Reuters.
Three other blenders are also being built by the phosphate giant for some $40 million to supply specific fertilizers to Nigeria. The director of the Nigerian subsidiary’s wish is to see these works finalized next year.
According to him, OCP plans to increase fertilizer supply in Nigeria from 1 to 3 million tons over the next five years.
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