A group of worldwide specialists stated that Morocco is capable to generate phosphates for the next 700 years.
It was also reported that Morocco’s production of phosphates is able of meeting the requirements of the world’s economy for about 700 years, tallying that by approving the recent technologies, Morocco will be competent to lessen production costs in the upcoming.
The specialists further said that Moroccan phosphates will give the world with food in the upcoming years, as phosphorous is utilized to produce fertilizers which are necessary element of contemporary agricultural.
The largest deposits of phosphate are situated in Morocco. The kingdom controls 50% of phosphate market in the world with a production capability approximated at 30 million tons each year.
Morocco is also intending to arrive at a production capability of 40 million tons each year by 2020.
The world’s largest deposits of phosphate are situated in Morocco, with a production capability approximated to 19 million tons each year.
The Cherifian Office of Phosphates (Office Cherifian des Phosphates, OCP), which was established in August 7, 1920 in Morocco and changed into a joint-stock company (OCP) in 2008, is the world’s largest exporter of raw phosphate, phosphoric acid and phosphate fertilizers.