Simon India to provide EPC services for Phosphate JV
Under a memorandum of understanding (MOU), 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.
The ` 550 crore ($82 million) project is a joint venture between Ecophos and Gujarat Narmada Valley Fertilizers Co. 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 unconventional 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.
Signing the MOU: Rakesh Verma, Mohamed Takhim, Maulik Jasubhai ( L–R)