INDIA - Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC) and Belgium based EcoPhos have signed a memorandum of understanding to form a joint venture company for setting up animal feed plant in the Gujsrat state.
The JV plant will have a capacity of 150,000 tonnes per annum of animal feed grade Di-Calcium Phosphate (DCP) plant at GNFC TDI Dahej site.
The DCP JV plant will be set up based on eco-friendly, energy efficient and renowned world class technology provided by EcoPhos, utilizing hydrochloric acid (HCl) and low grade rock phosphate as feed stock.
In the JV, EcoPhos will have majority stake, while GNFC will be the minority shareholder.
GNFC will provide HCl, utilities and other required services and EcoPhos will provide License, Engineering services and proprietary equipments to JV company.
EcoPhos´ CEO and founder Mohamed Takhim said, ″This is a substantial step in the realization of EcoPhos target to become the global market and cost leader in animal feed phosphates through its Animal Feed division.″
″This future JV proves once again GNFC´s endeavour to apply world class eco-friendly high-tech technologies in their production sites,″ GNFC managing director, Dr. Rajiv Kumar Gupta said.
EcoPhos will market the output of the JV´s production site at Dahej.
The memorandum was signed by V. S. Sirohi, Executive Director - GNFC and Mohamed Takhim, Chief Executive Officer of EcoPhos s.a. Belgium in the presence of Dr. Rajiv Kumar Gupta, IAS, Managing Director - GNFC and L. Chuaungo, IAS, Principal Secretary - energy and petrochemical department, Gujarat state in Gandhinagar recently.
Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC) was set up in 1976 located at Bharuch, Gujarat. It is one of the world’s largest single stream Ammonia-Urea fertilizer complexes. Whereas, EcoPhos s.a. is a Belgian based technology provider, producer and market leader of animal feed phosphates in Europe.