OCP Group and The Abu Dhabi National Oil Company (ADNOC) have agreed to explore the development of a new global fertilizers JV, to accelerate the execution of their international strategies.
The proposed partnership will comprise two fertilizer production hubs, one in the UAE and one in Morocco (utilizing both existing and new assets), giving the proposed joint venture global market reach.
The agreement aligns with ADNOC’s announced plans to increase production by at least 50% from its current levels of 7 million tons a year. Read more...
