Adventz Group’s Simon India Limited (SIL), a leading EPC company has signed a memorandum of understanding to partner with Belgium based EcoPhos S.A at a global level. Animal-feed phosphate producer and technology provider EcoPhos, has a Joint Venture with Gujarat Narmada Valley Fertilizers & Chemicals Ltd (GNFC) to set up their first green field di-calcium phosphate (DCP) plant in India. EcoPhos has chosen Simon India as the EPC contractor which will provide its Engineering and Procurement services, for Rs 550 crore project, which is scheduled for completion by 2019. This plant will be designed to produce 200 Kilo tons per annum (KTA) of animal feed grade DCP from low-grade rock phosphate. EcoPhos develops technology to recover phosphate from unconventional sources, including sewage sludge.
With this MoU, both the companies have entered into a long term, mutually beneficial relationship for working together in building sustainable and environment friendly plants in the phosphate industry, across the globe.
Mohamed Takhim, Founder and CEO of Ecophos, said that, “We are delighted to team-up with Simon India as its work ethics and engineering acumen are in perfect harmony with our company’s 2020 Vision and Strategy of setting up plants that produce sustainable, improved quality products with minimal resource consumption”.
Rakesh Verma, CEO of Simon India added: “Simon India is privileged to have been chosen by EcoPhos as their engineering and procurement partner in building sustainable and environment-friendly plants in phosphate industry across the globe. This is the beginning of a strong relationship that will have a cascading effect on reinforcing Indo- European trade.”
The EcoPhos and Simon India MoU will enable them to contribute in the development of the domestic dairy industry by providing vital elements in production of quality feed for livestock. Additionally, this will help grow the fishery industry in India too.