OCP, Libya sign $1B MOU

Jorf Lasfar-Morocco’s Office Cherifien des Phosphates (OCP) and the Libya-Africa Investment Portfolio have signed a US$1 billion memorandum of understanding on the feasibility study to build three production facilities for phosphoric acid, ammonia, and fertilizers. Under the agreement, a $350 million phos acid plant that could produce 1 million mt/y would be built in Jorf Lasfar. A $500 million, 800,000 mt/y ammonia plant would be built in Libya. A $150 million fertilizer plant, reportedly DAP, would also be built in either Libya or Morocco.