Koch Ag & Energy Solutions acquires 50% of JFC III, a subsidiary of OCP Group


Koch Ag & Energy Solutions (KAES), a global provider of value-added solutions for the agriculture, energy and chemical markets, and OCP, the world’s largest phosphate mining and leading global fertilizer group, are pleased to announce they have successfully completed the acquisition announced March 2, 2022. KAES, through an affiliate, acquired a 50% interest in Jorf Fertilizers Company III (JFC III) from OCP, establishing a 50/50 Joint-Venture between the two companies. The transaction closed on June 30, 2022.

JFC III owns and operates a cutting-edge industrial facility producing up to 1.1 million metric tons annually of phosphate-based fertilizers. Through its advantaged location within the Jorf Fertilizer Complex, the world’s largest phosphate fertilizer production platform, JFC III benefits from a unique relationship with OCP’s broader industrial operations at the Complex.

“Our long-term partnership with Koch is reaching a new stage through the establishment of our Moroccan-based Joint-Venture, which confirms our common goal to provide farmers with high quality and reliable Moroccan phosphate fertilizers”, said Mostafa Terrab, Chairman and CEO of OCP Group.

“The closing of this acquisition marks Koch’s first substantial investment on the African continent,” said Brad Razook, Executive VP of Koch Industries and CEO, Resources. “We are excited to add another nutrient to the KAES portfolio in collaboration with a world-class partner.”

“KAES and OCP have a long-standing relationship, and we are excited to continue growing our relationship as we work together to secure JFC III’s long-term success,” said Mark Luetters, President of Koch Ag & Energy Solutions.

KAES’ acquisition of a 50% ownership stake in JFC III is a key milestone in the growth of JFC III. This Joint-Venture will leverage the customer base and logistical capabilities of both OCP and KAES to further expand the supply of phosphate-based fertilizers worldwide.

ABOUT OCP GROUP

OCP plays an important role in feeding a growing global population, by providing essential elements for soil fertility and plants growth.

With almost a century of experience and revenues reaching US$ 5.0 billion in 2017, OCP Group is a leader in the phosphate rock and the world’s first producer of phosphate-based fertilizers. OCP provides a wide range of well-adapted fertilizer products to enhance soil, increase agricultural yields, and help feeding the planet in a sustainable and affordable way.

Thanks to its large-scale integrated industrial development strategy, OCP is present on the entire phosphate value chain and operates on all of its business lines, offering to its 23,000 employees a development path focused on excellence.

Headquartered in Morocco, OCP works in a close partnership with more than 160 customers over 5 continents.

Committed to best serve the development of Africa, OCP places innovation at the heart of its strategy, in particular to implement sustainable and prosperous agriculture on the continent.

As a responsible industrial player, OCP is strongly committed to Africa’s environmental, social and human development. The Group is firmly convinced that leadership and profitability are necessarily synonymous to social responsibility and sustainable development. Its strategic vision resides where these two dimensions meet.

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30-06-2022 / 11-08-2022

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