OCP Group, a global leader in plant nutrition solutions and phosphate-based fertilizers, has signed a €200 million financing agreement with KfW, Germany’s development and investment bank, to support efforts to enhance global food security and combat climate change.
This strategic financing is part of OCP’s broader $13 billion green investment plan for 2023–2027, which aims to transform its fertilizer production through sustainable practices.
Key allocations include:
€150 million dedicated to achieving the company’s target of using 100% non-conventional water (e.g., desalinated or recycled) for its industrial processes by 2024.
€50 million directed toward reaching 100% clean energy use by 2027, full carbon neutrality in Scopes 1 and 2 by 2030, and Scope 3 by 2040.
The investment also supports the production of green fertilizers and is aligned with OCP Group’s commitment to reducing its environmental footprint.
As part of its sustainability roadmap, OCP will invest $7 billion in developing green hydrogen and green ammonia using solar and wind energy. By 2027, the company plans to produce 1 million tons of green ammonia annually. This will serve not only the fertilizer industry but also help decarbonize other sectors in Morocco.
These efforts are expected to foster an innovative industrial ecosystem in Morocco—engaging around 600 companies across energy, agriculture, and industry—and generate approximately 25,000 jobs.
OCP’s ramp-up of sustainably produced, customized plant nutrition solutions will empower farmers, improve global food security, lower agricultural carbon emissions, and contribute to biodiversity protection.
Commenting on the agreement, Karim Lotfi Senhadji, Chief Financial Officer of OCP Group, said:
“We are thrilled to announce this significant milestone in our journey towards a sustainable future. This agreement with KfW represents not only a pivotal contribution to our ambitious green investment strategy but also demonstrates the trust stakeholders and investors place in OCP Group, our business model, and our financial strength to achieve our shared goals.”
This financing agreement exemplifies how partnerships between agricultural and financial institutions can accelerate climate-smart development, positioning Morocco as a global hub for sustainable fertilizer innovation.
AFRIQOM Market Reporter
