Morocco and Gabon have signed a $2.3 billion joint venture to build fertilizer factories to serve the growing African agricultural market as part of Morocco’s expansion of its investments south of the Sahara. Production capacity for the project will reach 2 million tons per year by 2018, of which all will be destined for the sub-Saharan African market. Of the two plants to be built in Gabon, one will produce ammonia from natural gas and the second will then turn it into fertilizer in Port Gentil. Two plants in Morocco will produce phosphoric acid and an additional plant will produce fertilizer.
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