Morocco’s OCP open to Indian cos setting up 100% phosphoric acid units

Morocco’s OCP Group, supplier of phosphate fertiliser raw materials, says it is open to Indian companies setting up 100 per cent-owned phosphoric acid manufacturing facilities in the country.

Currently, Tata Chemicals and the K.K. Birla Group’s Chambal Fertilisers and Chemicals Ltd, operate a 4,30,000 tonnes an annum (tpa) phosphoric acid joint venture (JV) with OCP at Morocco’s Jorf Lasfar industrial hub.

The three have an equal one-third stake in this entity, Indo Maroc Phosphore SA (IMACID).

OCP further has a 50:50 JV in India with another K.K. Birla Group company, Zuari Industries Ltd.

The JV – Zuari Maroc Phosphates Ltd (ZMPL) – holds 80.45 per cent in Paradeep Phosphates Ltd, which has a 7,20,000-tpa di-ammonium phosphate (DAP) unit in Orissa.