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Establishment of Phosphoric Acid Supply for FFBL DAP Plant Through OCP Partnership

The project to ensure a consistent supply of Phosphoric Acid for FFBL's DAP plant was initiated through an MOU with OCP on June 1, 2004. The feasibility study concluded in September 2004, followed by the signing of a shareholders agreement. Fauji Group mobilized in January 2005, with contracts for licensors and engineering finalized shortly after. OCP, a state-owned Moroccan entity founded in 1920, specializes in phosphate mining and phosphoric acid production, solidifying the groundwork for a successful collaboration. The total project cost is estimated at 2030 million MAD with a targeted completion time of 30 months.

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Establishment of Phosphoric Acid Supply for FFBL DAP Plant Through OCP Partnership

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  1. 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

  2. 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

  3. PMP

  4. 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

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