Jorf Fertilizer Company V

Jorf Lasfar
Morocco

Bunge Maroc Phosphore, a joint venture with Office Cherifien Des Phosphates (OCP), produces fertilizer products in Morocco for shipment to Brazil, Argentina and other markets in Latin America via Bunge's existing logistics network.

December 2013 - Bunge completes sale of their 50% interest in a joint venture to produce fertilizer products in Morocco to OCP for $37 million.

February 10, 2009 - Bunge’s joint venture phosphate project in Jorf Lasfar, Morocco, is on schedule to begin making fertilizers in 2010, the company said on Tuesday.  The operation would serve as an additional source of phosphate-based raw materials and intermediate products for Bunge’s fertilizer business in South America, said Bunge chief financial officer Jacqualyn Fouse at the Goldman Sachs Agricultural Biotech Forum.  The 50-50 joint venture with Morocco’s Office Cherifien des Phosphates (OCP) would have a capacity to produce about 625,000 tonnes/year of mono-ammonium phosphate (MAP) and tri-sodium phosphate (TSP), Fouse said.

May 22, 2007 - Bunge has formed a 375,000 tonne/year phosphate fertilizer joint venture in Morocco to supply markets in Brazil and Latin America, the US-based firm said on Tuesday.  The $350m (€259m) joint venture with Morocco’s Office Cherifien des Phosphates (OCP) was expected to be fully operational in 2010, Bunge said.  The 50:50 joint venture will build new plants at Jorf Lasfar, Morocco, to produce 375,000 P₂O₅ tonnes/year of phosphoric acid, a triple superphosphate/monoammonium phosphate (TSP/MAP) granulation plant with a capacity of 270,000 tonnes/year and a granulation unit to produce 340,000 tonnes/year of MAP/diammonium phosphate (DAP).  The new supply would be for shipment to Brazil, Argentina and other markets in Latin America, White Plains, New York-based Bunge said.  Morocco’s OCP produces over 25m tonnes/year of phosphate rock and owns a large share of the world's phosphate reserves, according to Bunge.  OCP and Bunge said that they considered this partnership as a natural extension to their long term relationship and a major step towards future and broader collaboration.