background project was conceived to ensure consistent supply of phosphoric acid for ffbl dap plant...
TRANSCRIPT
BACKGROUND
• Project was conceived to ensure consistent supply of
Phosphoric Acid for FFBL DAP plant operation.
• MOU signed with OCP - June 01, 2004
• Project feasibility study concluded - September 2004
• Shareholders agreement signed - September 14, 2004
• Fauji group mobilized – January 01, 2005
• Licensors and Engineering contracts – January 14, 2005
INTRODUCTION OF OCP (Office Cherifien des Phosphates)• State owned Moroccon organization established in 1920, with Head office at
Casablanca
• Main areas of business:
– Mining and export of Phosphate rock
– Manufacturing & export of Phosphoric acid & Phosphatic fertilizers
• Annual Turnover- $ 2 Billion
• Employees arround 20000
• Production facilities at Safi and Jorf Lasfar
• Phosphate rock mining facilities at Khourigba, Youssoufia, Benguerir and
Boucraa. Total reserves are ~80 Billion MeT
• Joint ventures with India (IMACID & PPL), Belgium/Germany (EMAPHOS)
• Joint venture with Brazilian group (BUNGE) is being negotiated
PMP
PROJECT SALIENT FEATURES
• Sulphuric Acid Plant : 3410 MTPD (1,125,000 MTPY)
• Phosphoric Acid Plant : 1135 MTPD (375,000 MTPY)
• Power Plant : 32 MW
• Water Treatment : 2 Demin. Trains & 3 Polishers
• Infrastructure : Offsites and other facilities
• Total Cost : 2030 Million MAD
• Debt / Equity : 60 / 40
• Effective Date : Jan 14, 2005
• Completion time : 30 Months