Moroccan OCP selects JV with Jacobs for plant deal

* OCP awards JV with Jacobs a plant deal

* OCP’s fertiliser plant, part of expansion plan

RABAT, Dec 10 (BestGrowthStock) – Moroccan phosphate group OCP has
awarded an engineering, procurement and construction management
contract for a 1 million tonne fertiliser plant to its Jesa
joint venture with U.S.-based Jacobs Engineering Group (JEC.N: ).

Gearing up for a surge in global demand from farmers for
fertilizers, the state-owned OCP plans to raise its mining
capacity by 70 percent through the addition of four new
fertilizer plants that will gradually come on stream from July,
2013.

OCP, or Office Cherifien des Phosphates, is the world’s top
phosphate reserves holder. [ID:nLDE6AP0U7]

The four plants — all of which are to be in the Moroccan
industrial port Jorf Lasfar — are part of a $7 billion
investment plan by OCP, also Morocco’s top export earner.

Jesa, a 50-50 joint-venture OCP formed with Jacobs earlier
this year, will manage, procure and administer in part or in
full the design and construction of OCP’s plant of diammonium
phosphate and monoammonium phosphate, OCP said in a statement.

OCP did not give details on the deal with Jesa.

OCP data show it controls around 45 percent of the world
market for lime phosphate, and controls more than 30 percent of
global phosphate exports.

It operates three mines and exports around 15 million tonnes
of phosphate rock to markets including Asia, Australia, Europe
and the United States.
(Reporting by Lamine Ghanmi; Editing by Will Waterman)

Moroccan OCP selects JV with Jacobs for plant deal