India: Phosacid j-v in Tunisia

Gujarat State Fertilizers & Chemicals (GSFC) has formed joint venture with Groupe Chimique Tunisien (GCT) and Compagnie des Phosphates de Gafsa (CPG), both Tunisian companies and Coromandel Fertilisers Ltd (CFL). The joint venture company, Tunisian Indian Fertilizers (TIFERT) will produce 360,000 tonnes P2O5 of phosphoric acid per annum at a plant located in La Skhira. The production will be divided 50% between CFL and GSFC. This will help GSFC to run DAP plant at full capacity. The project is expected to be operational in the first quarter of next year. GSFC, one of India’s largest fertilizer producers, located in the West Coast, produced over 1.8 million tonnes fertilizer in the fertilizer year 2009-2010. During this period they paid an average of US$ 580/t c&f of phosphoric acid and US$ 303/t c&f for ammonia. The cost of the phosacid j-v project is estimated at some US$ 165 million.

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