New York – American oceanographer David Karl believes that the future of energy production is in phosphates and since Morocco has the largest phosphates production in the world, the country will become very rich in the future.
Professor David Karl has dedicated most of his life to the study of the oceans, becoming one of the most reputable oceanographers in the world.
In an interview with Spanish Newspaper El Mundo on December 9, the Balzan Prize Winner warned about the depletion of phosphates around the world and how they are crucial for human survival.
“Life, including of humans, is built around phosphorus. It plays a key role in the transfer of energy to the cells, so that everything we do needs phosphorus. It is essential to life and cannot be replaced by any other element,” Karl said.
“[In the year] 2050, we will become scarce in phosphorus. Most phosphorus on Earth, we have used it in the last 200 years. (…) The only match left on the planet is in North Africa, especially in Morocco and Algeria.” he added.
Morocco’s phosphate rock reserves are the largest reserve base in the world, accounting for nearly 75 percent of the world’s reserves, according to the U.S. Geological Survey (USGS).
According to the oceanographer, “sooner or later war will be waged to seize these small reserves of phosphorus, as wars have been waged over oil”.
The Balzan Prize Winner highlighted that Morocco will benefit greatly from the imminent need for phosphates in the near future.
“…There are no alternatives to phosphorus, so when you are running low the price will shoot wildly. Morocco will become a very rich country,” Karl affirmed.
Morocco’s state-owned “Office Chérifien des Phosphates” (OCP Group) is the world’s leading producer and exporter of phosphates and its derivatives, including phosphorous and agricultural fertilizers.
Without phosphates, we cannot feed the world. Therefore, Moroccan reserves are essential to global food security.
“Agriculture production needs phosphorus. All countries in the world need phosphorus. When prices rise, only rich countries can afford the price of phosphorus and have rich crops,” he added.
Founded in 1920 and headquartered in Casablanca, OCP Group has an annual revenue of nearly MAD 50 billion.