To meet higher fertilizer demand, OCP aims to increase production by more than 10% this year, despite the loss of Russian ammonia from its supply chain, reports Archyde.comwhich quotes the group’s executive vice president of performance management, Nada Elmajdoub.
In detail, the Office aims to increase production to 11.9 million tonnes in 2022 from 10.8 million tonnes last year and to add an additional 3 million tonnes of annual production capacity by 2023. , the senior official told the British Press Agency. The company sees increased demand for its products in 2022 from India, the Americas and Africa, it said.
OCP’s planned expansion coincides with uncertainties in the fertilizer market following Russian soil nutrient exports halted due to the Russia-Ukraine conflict. It should be recalled that the Board imports some 1.8 million tonnes of ammonia annually from suppliers such as Russia and Ukraine.
