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Signature(s)

Amount
€ 330,000,000
Countries
Sector(s)
Morocco : € 330,000,000
Industry : € 330,000,000
Signature date(s)
8/10/2012 : € 130,000,000
30/12/2011 : € 200,000,000
Link to source

Summary sheet

Release date
17 December 2010
Status
Reference
Signed | 30/12/2011
20100236
Project name
Promoter - financial intermediary
OCP Group - Modernisation

OCP S.A.

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
To be determined
EUR 600 million.
Location
Sector(s)
Description
Objectives

The main components of the project are:

  • replacement of four obsolete sulphuric acid production units by a two new units in Safi;
  • construction of the El Halassa washing unit in Kourigba with an initial capacity of 8 Mt/y of commercial-grade phosphate;
  • construction of the Mea washing unit in Kouribga with a capacity of 7 Mt/y of commercial-grade phosphate.

The project has three main objectives: (i) to upgrade the promoter's production facilities; (ii) to expand phosphate production capacity, particularly by means of enrichment facilities for low-grade phosphate; and (iii) to increase the value added to the phosphate through the production of fertilisers.

Environmental aspects
Procurement

The project is in the chemical industry and, if it were located in the EU, would be covered by Annex II to EC Directive 97/11, as amended by Directive 2003/35. Two ESIAs have been established for the project components at Safi and Kouribga respectively. As the scope of the component at Safi has changed (replacement of four sulfuric acid plants instead of three) since establishing this ESIA, an update of the study is currently under preparation. This new version of the ESIA will be put on the web once available.

EU procurement directives do not apply to this project.

Link to source

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

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