As a world chief in soil and plant diet options and the world’s largest producer of phosphate, OCP Group is dedicated to supporting key gamers within the fertilizer trade. India.
NEW DELHI and: RABAT, Morocco, January 23, 2023 /PRNewswire/ — The goal of this partnership is to implement joint R&D initiatives, collectively promote revolutionary fertilization options and supply personalized fertilizers that meet the precise wants of Indian farmers in shut collaboration with Indian agriculture. ecosystem (state sector, agricultural institutes, agricultural federations, farmers, and many others.)
On this framework, OCP Group signed Memoranda of Understanding (Memorandums). of India the biggest private and non-private sector fertilizer producers, paving the best way for the availability of OCP India as much as 1.7 million tonnes of phosphorus fertilizer for the agricultural season over the following twelve months.
These MoUs had been signed between OCP Group executives and Indian fertilizer producers within the presence of His Excellency Dr. Mansukh Mandavia, Minister of Well being, Chemical substances and Fertilizers IndiaHis Excellency Shri Rajesh Vaishnau, Ambassador India to the Kingdom Morocco and Mr. Mostafa TerabPresident and CEO of OCP Group.
The agreements name for as much as 700,000 MT of Triple Superphosphate (TSP), a phosphate-based fertilizer that has the best phosphate content material of nitrogen-free granular fertilizers and will be tailor-made to satisfy particular plant and soil wants. India. Tailored fertilizers are identified to be higher for soil well being, thus decreasing waste. The MoUs additionally name for 1,000,000 tonnes of diammonium phosphate (DAP) to be equipped to Indian farmers.
Commenting on the event, Mr. Sufiyane El Kassy, Chairman and CEO of OCP Nutricrops, a subsidiary of the group devoted to soil well being and plant fertilization options;: “We’re glad of India curiosity in our personalized resolution (TSP), which considerably will increase yields, improves farmers’ incomes and accelerates the implementation of sustainable agricultural practices.“
About OCP Group
OCP Group performs an vital function in feeding the rising world inhabitants by offering important components for soil fertility and plant development. With a century of expertise and revenues to match 9.4 billion USD In 2021, OCP Group is a frontrunner in plant diet and the world’s largest producer of phosphate-based fertilizers. The pinnacle workplace c Morocco and current on 5 continents, with greater than 18,000 staff, OCP Group works intently with greater than 350 purchasers worldwide.
The group not too long ago launched a brand new Inexperienced Funding Technique devoted to growing fertilizer manufacturing and investing in renewable power. The technique envisages almost world funding $13 billion In the course of the interval 2023-2027, which is able to allow the group to make use of 100% renewable power by 2027 and to attain full carbon neutrality by 2040. The technique additionally goals to attain a desalination capability of 560 million m3.3: in 2026 and enhance the manufacturing of inexperienced fertilizers.
The Group firmly believes that management and profitability are essentially synonymous with social duty and sustainable improvement.
Its strategic imaginative and prescient relies on the assembly of those two dimensions. Be taught extra. www.ocpgroup.ma:
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