摩洛哥的磷矿巨头OCP公司正试图吸引外国投资者注资旗下部分业务。由于伊朗战争引发供应链中断，这家国有企业的利润受到严重影响。
Morocco’s phosphate giant OCP SA is looking to attract foreign investors for some of its businesses, as supply disruptions caused by the Iran war hit profits at the state-owned company.
据一位知情人士透露，OCP已开始与本地及外国投资者洽谈，希望为位于摩洛哥中部的新型化肥生产基地Mzinda引入股权投资。该基地预计将于明年投产。由于硫磺价格大幅上涨，OCP不得不放缓Mzinda的建设进度，并四处筹措资金以支付承包商与供应商的费用。由于相关谈判尚属机密，该人士要求匿名。
OCP has started talks with local and foreign investors for a potential equity injection in Mzinda, its new fertilizer hub in central Morocco that’s slated to start production next year, according to a person familiar with the matter. That comes after surging sulfur prices forced OCP to slow Mzinda’s development as it sought financing to pay contractors and suppliers, the person said, requesting anonymity because the discussions are private.
霍尔木兹海峡运输通道受阻导致硫磺等化肥生产原料价格飙升，这给摩洛哥营收最高的企业OCP带来了巨大压力。上个月，OCP公布上半年出现亏损，今年可能暂停派发股息。前述知情人士称，OCP不会向持有其近95%股份的摩洛哥政府寻求股权融资。OCP的新闻部门拒绝置评。
Soaring costs for fertilizer inputs such as sulfur — caused by disruptions to flows through the Strait of Hormuz — are squeezing Morocco’s biggest company by revenue. OCP reported a first-half loss last month and may suspend dividends this year. The company won’t ask the Moroccan state, which owns almost 95% of the firm, for equity, the person familiar said. OCP’s media department declined to comment.
为改善财务状况，OCP于7月份与Koch Ag & Energy Solutions建立了合资关系，后者将向Jorf Fertilizers Co.注资。
With the company seeking to bolster its finances, it entered a joint-venture in July with Koch Ag & Energy Solutions, which will invest in Jorf Fertilizers Co.
该知情人士还表示，OCP也会考虑让外国投资者入股新成立的子公司OCP Specialty Products and Solutions，这家公司负责化肥以外的化工产品业务。去年，SPS公司约10亿美元的营收主要源自用于电动汽车电池及氟化物生产的提纯磷酸。
The firm will also consider equity injections from foreign investors into its new subsidiary OCP Specialty Products and Solutions, which handles chemicals outside fertilizers, the person familiar said. SPS generated much of its $1 billion revenue last year from purified phosphoric acid that’s used in electric vehicle batteries and fluorine.
据该人士介绍，作为全球磷矿储量占比超三分之二的巨头，OCP于5月和6月提前启动了原定于2026年末进行的设备维护，从而减少了产量。其原因在于当时公司正面临生产磷酸所必需的硫磺供应短缺问题。
OCP, which controls over two-thirds of the world’s phosphorus deposits, reduced production in May and June by bringing forward maintenance originally scheduled for the last two months of 2026, the person said. That’s because it was running short of sulfur, which is used to produce phosphoric acid, they added.
为了应对这一短缺，该公司提升了所谓TSP的产量，TSP是一种需要较少硫且不含氨的肥料。该人士还表示，公司也在寻求与邦吉和路易达孚公司等贸易商的合作，以在巴西和阿根廷等地推广TSP的使用。
To counter that shortage, the company has boosted output of so-called TSP, a fertilizer that requires less sulfur and no ammonia. It’s also seeking partnerships with traders such as Bunge and Louis Dreyfus Co. to promote increased TSP use in places such as Brazil and Argentina, the person said.
为进一步减少对波斯湾硫的依赖，OCP还在考虑从包括西班牙、加拿大、哈萨克斯坦和美国墨西哥湾沿岸在内的地区获取硫供应。
To further cut its reliance on sulfur from the Persian Gulf, OCP is also looking to supplies from places including Spain, Canada, Kazakhstan and the US Gulf Coast.
该公司还计划引进中国工业技术，从当地开采的黄铁矿中提取硫。作为全球最大的硫买家，OCP计划在2027年实现100万吨的产量，到2030年有望达到400万吨，这相当于其当前需求的一半左右，该知情人士表示。
It also plans to acquire Chinese industrial technology to extract sulfur from locally mined pyrites. OCP, the world’s biggest buyer of sulfur, is targeting output of 1 million tons in 2027, with the potential for as much as 4 million tons in 2030, which would equate to about half of its current requirements, the person familiar said.
OCP还在考虑长期航运合同，以取代对现货市场的依赖，力争实现每年高达20亿迪拉姆（约2.03亿美元）的节约。公司已与麻省理工学院合作，以确定其航运需求。
OCP is also looking at long-term shipping contracts to replace its reliance on the spot market, in a bid to achieve annual savings of as much as 2 billion dirhams ($203 million). The company has worked with the Massachusetts Institute of Technology to determine its shipping requirements.