Moroccan phosphate producer OCP Group has partnered with the Ethiopian government to construct a $2.4bn fertilizer plant in Ethiopia.
The facility, known as the Dire Dawa Fertilizer Complex, will produce fertilizer made from Ethiopian potash and ammonia gas, as well as OCP’s phosphoric acid.
The first phase of the $2.4bn investment will enable the production of 2.5M t of fertilizer per year through 2022, rendering Ethiopia self-sufficient in fertilizer and creating opportunities for exports.
OCP said that the plant’s fully-integrated design will regroup logistics, production, raw materials access, storage and transportation and satisfy 100% of Ethiopia’s fertilizer demand.
The second phase, which will involve an additional investment of $1.3bn, will increase the company’s fertilizer production capacity to 3.8M t a year by 2025.
At the end of the second installation phase, the plant will be made up of nine units and will have increased annual fertilizer production by 50%.