OCP Group SA, Casablanca, and Koch Ag & Energy Solution LLC, Dodge City, Kan., have jointly announced that they have completed the deal for a Koch affiliate to acquire a 50% interest in Jorf Lasfar Fertilizers Co. III (JCF III) from OCP, establishing a 50/50 joint venture between the two companies.
The transaction closed on June 30, and follows an agreement signed by Koch and OCP in early March (GM March 4, p. 1 and p. 35). The two parties have not disclosed the value of the deal.
JFC III owns and operates an integrated phosphate fertilizer production facility in Jorf Lasfar, Morocco, with initial capacity to produce 1.1 million mt/y of phosphate-based fertilizers.
Output from the plant will be marketed by OCP and Koch Fertilizers LLC. Additionally, the companies will collaborate on the supply of ammonia and sulfur to OCP, and leverage their logistical capabilities for the shipment of fertilizers from Morocco.