Moroccan Fertilizer Giant OCP Unveils $11.7 Billion Green Investment Plan

With a total investment of around 130 billion dirhams (11.7 billion euros), this new program covers the period from 2023 to 2027. Mostafa Terrab, Chairman and Chief Executive Officer of the OCP group, presented it before King Mohammed VI on Saturday at the Royal Palace in Rabat.

"This program is structured around increasing fertilizer production capacity while committing to achieve carbon neutrality before 2040, leveraging the unique reservoir of renewable energies as well as the kingdom’s advances in this field," says a statement from the royal cabinet, specifying that this investment will serve the group, the world’s largest importer of ammonia, to free itself from these imports in the long term by also investing in the renewable energy sector - green hydrogen - green ammonia. This will allow it to enter the green fertilizer and fertilization solutions market adapted to the specific needs of different soils and crops.

It will be a question for the OCP group of consolidating its global position, achieving a local integration rate of 70%, supporting 600 Moroccan industrial companies and creating 25,000 direct and indirect jobs as part of this new investment program.