OCP and Koch Ag form joint venture to double phosphate fertilizer production capacity
via Le Matin2 min read
OCP Nutricrops and Koch Ag & Energy Solutions have signed an agreement for Koch Ag & Energy Solutions to acquire a stake in Jorf Fertilizers Company I, an OCP Nutricrops subsidiary. This transaction will create a new 50/50 joint venture between the two partners, building on their existing collaboration in phosphate fertilizer production. This development follows the 2022 creation of Kofert, formed when Koch invested in Jorf Fertilizers Company III. Jorf Fertilizers Company I operates a production unit at the Jorf Lasfar industrial platform with an annual capacity of 1.2 million tons of phosphate fertilizers. Upon completion of this transaction, the two joint ventures will have a combined annual capacity of approximately 2.5 million tons, strengthening their presence in the global phosphate fertilizer market. The partners aim to meet international demand, particularly in North America, where the need for reliable and diversified supply has increased. This initiative occurs as the US administration has temporarily suspended countervailing duties on Moroccan phosphate fertilizer imports, which the companies state opens new opportunities to supply American farmers with essential phosphate-based plant nutrition solutions. Scott McGinn, President of Koch Fertilizer, stated this investment continues the cooperation between the groups and will expand Koch's phosphate product offerings while strengthening the partnership with OCP. Faris Derrij, CEO of OCP Nutricrops, called the new jo
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