Forging Business Partnerships with India Phosphate JV Links Belgium and India
Under a memorandum of understanding (MOU) signed at Achema on Tuesday, Simon India will provide engineering, procurement and construction (EPC) services for a 200,000 t/y dicalcium phosphate (DCP) plant to be built by Ecophos (Louvain-la-Neuve, Belgium) in Gujarat, India.
Frankfurt/Germany – The Rs 550 crore ($82 million) project is a joint venture between Ecophos and Gujarat Narmada Valley Fertilizers Co. (GNFC; Dahej, Gujarat). Startup is scheduled for 2019.
Signing the MOU on behalf of Simon India (New Delhi, India) was CEO Rakesh Verma. Ecophos was represented by founder and CEO Mohamed Takhim. Ecophos develops technology to recover phosphate from unconvention- al sources, including sewage sludge. According to Takhim, the company will soon have 50 % of the European market for feed phosphates, including DCP, which is added to animal feed to improve yields.
The announcement was made at the Chemtech India Day Seminar 2018, entitled “Make in India: Forging Business Partnerships With India”. Organizer Maulik Jasubhai, chairman and CEO of the Jasubhai Group and the Chemtech Foundation, spoke of India’s strong links with Dechema and the VDMA, Germany’s association of machinery manufacturers. “In such uncertain times, cooperation is even more important,” said Dechema CEO Kurt Wagemann. “Chemtech has been an excellent partner for decades.”