Koch to acquire half share in JFC 1

Koch Ag & Energy Solutions (Koch) has signed an agreement with OCP Nutricrops (OCP) to acquire a 50% stake in Jorf Fertilizers Company I (JFC I).

JFC I owns a 1.2 million tonnes per annum (t/a) capacity phosphate fertilizer plant at Jorf Lasfar, Morocco, the world’s largest phosphate fertilizer production complex. This plant will be operated as a 50:50 joint venture by Koch and OCP, on closure of the transaction, and serve customers around the globe, including those in North America.