Morocco’s OCP Group, and Bunge Ltd., have announced they have reached an agreement for OCP to acquire Bunge’s 50 percent ownership interest in their Moroccan fertilizer joint venture. The jv, Bunge Maroc Phosphore SA (BMP), was formed in 2008 (GM May 28, 2007, p. 10) to produce fertilizers in Morocco and serve as an additional source of phosphate-based raw materials and intermediate products for Bunge’s fertilizer businesses in South America.
Transparency Across the Fertilizer Value-Chain