Framework Agreement between OCP and Forbon Chinese

The Moroccan group OCP, the world leader in the phosphate fertilizer market, and the Hubei Forbon Group, a Chinese player specializing in the supply of global fertilizer additive solutions, have signed a framework agreement on the establishment of a global partnership in the field of new generation fertilizers.
The collaboration is part of the open innovation drive launched by OCP that will accelerate its ambition to become the world leader in integrated solutions for agriculture, said a statement released by the Moroccan group.
The document also reveals that a project to create a “Joint R & D Center” is under consideration.
The two groups will thus combine their expertise and know-how to develop a new generation of high value-added fertilizers.
One of the objectives is to develop innovative solutions that meet the needs of the market and farmers by offering tailor-made solutions and fertilizer formulations that are as efficient as they are environmentally friendly.
OCP’s efforts to develop precision agronomy are a continuation of its policy oriented towards the interest of the farmer to improve the quality and yield of his crops and therefore his income.
For OCP, this merger represents an excellent opportunity to access a world-class innovation ecosystem and to build a network of experts and experts in China in the particularly dynamic sector of agriculture and fertilizers.