ADNOC, OCP consider fertilizer venture

Abu Dhabi National Oil Co. and OCP Group of Morocco have agreed to consider forming a global fertilizers joint venture exploiting ADNOC’s sulfur production and experience with ammonia and natural gas in combination with OCP’s large phosphate resources and fertilizer expertise.

The venture would have production centers in the United Arab Emirates and Morocco. It extends a partnership formed last December based on a sulfur offtake agreement.

ADNOC expects its sulfur production to rise by at least 50% from current levels of 7 million tons/year as output of sour gas increases.