Posted by: Reuters
The world’s largest phosphate exporter, Morocco’s Office Cherifien des Phosphate (OCP) said on Monday it has signed an agreement with China’s fertiliser additives supplier Hubei Forbon to develop a new generation of eco-friendly fertilisers.
Under the partnership, the two companies will work together to develop a new generation of high added-value fertilizers such as biostimulants, sulfur fertilizers, fertilizers with micronutrients and water-soluble fertilizers, the OCP said in a statement.
The OCP group, 95-percent owned by the Moroccan state, opened an office in Beijin in July 2016 to boost access to Asian markets. (Reporting by Ahmed Eljechtimi; editing by Emelia Sithole-Matarise)