Morocco is on track to accomplish its objective to get the 40 per cent on the global market share of the world’s phosphates by year 2020.
During World Future Energy Summit (WFES) in Abu Dhabi, the minister for energy, mines, water and environment has stated that the percentage comprises the exports of fertilizers, phosphate rock and phosphoric acid.
Raising the downstream production is in great consideration for the energy and mining ministry. Seventy five per cent of the world’s phosphate reserves can be found in Morocco and is Morocco has 75 per cent of the world’s phosphate reserves and is presently the world’s major exporter of phosphate in different forms.
The Office Chérifien des Phosphates (OCP Group) is mandated to direct the phosphates sector in Morocco and it produced over 26 million tonnes of phosphate rock in 2013, of which 8.6 million tonnes were exported.
The group’s activities involved the production of 4.8 million tonnes of fertilisers of which 4.3 million tonnes were exported and 4.4 million tonnes of phosphoric acid of which 2.3 million tonnes were exported.
In last quarter of 2014, a slurry pipeline worth $488 million has started operation and is expected to boost the efficiency and capacity of Morocco’s phosphate sector.