Our goal – rising to the challenge of increasing global demand, with sustainability on top of mind
We have launched a new global investment program of USD 12 billion for the period 2023-2027 to increase OCP’s mining and fertilizer production capacity, while fulfilling our commitment to achieve carbon neutrality by 2040.
This new growth strategy is aligned with Morocco’s energy transition strategy and the vision of His Majesty King Mohammed VI for the development of renewable energies and new innovations in this field. Clean energy is at the heart of this new green investment program. OCP Group aims to supply all its industrial facilities with green energy by 2027, with all electricity production to come from wind, solar, hydroelectric and cogeneration sources.
We will be leveraging Morocco’s extraordinary progress in the field of renewable energy and the R&D capabilities of Mohammed VI Polytechnic University (UM6P) to seize the opportunities offered by new industrial and digital technologies.
Building on a legacy of success
This new program is an extension of OCP’s previous investment plan. For its first such investment program, OCP mobilized USD 8 billion over the 2012-2021 period.
This investment increased the production capacity of fertilizers from 4 to 12 million tons to make Morocco the world leader in fertilizers. More than 400 Moroccan industrial companies have participated in the program, providing 8,400 direct and indirect jobs.
The prior investment program has firmly established OCP in the fertilizer market, positioning the Group as one of the world’s leading producers and exporters of phosphate fertilizers. Its turnover increased to 9.4 billion dollars in 2021 from 2.5 billion dollars in 2005.
Sustainably building capacity 2023-2027
As a business we need to ensure we keep moving forward, but not at the expense of the planet. We are investing MAD 130 billion globally over the next five years to sustainably increase our production capacity from 12 million tons of fertilizer to an incredible 20 million tons.
A large part of this investment will be directed towards extending our mining capacity through the opening of a new mine in Meskala in the Essaouira region and the installation of a new fertilizer production complex in Mzinda. The latter will process rock from the mines of Benguerir and Youssoufia, as well as from the new mine of Meskala.
BOXOUT : GREEN INVESTMENT PROGRAM : KEY INITIATIVES
tons of Green Ammonia in 2027, rising to 3 million tons in 2032
of clean energy in 2027, increasing to 13GW by 2032
Increase seawater desalination capacity to
by 2027, of which 110 Mm3 to be achieved in 2023
Reach a volume of
tons of fluorine and 30,000 tons of intermediate products for Lithium Iron Phosphate batteries by 2027
Optimizing local value chains
The program is designed to strengthen local value chains in the Group’s industrial and mining sites. For example, on the Khouribga-Jorf Lasfar axis, desalinated water from Jorf will be transported to Khouribga by pipeline and the energy needs of this strategic axis will be supplied through 760MW of photovoltaic farms. We aim to reach an additional capacity of 4 million tons of fertilizers on this axis in addition to the development of specialist chemicals.
Meanwhile on the Gantour-Meskala-Safi axis, the investment plan provides for the installation of a new chemical and mining complex in Mzinda. This will process rocks from the mines of Benguerir and Youssoufia, as well as the new Meskala mine on the other, with a capacity of 6 million tons of rock by the end of 2027. 440 MW of solar farms on the mining grounds will feed the production, in addition to the desalination located in Safi. The future desalination plants should be able to produce at least 200 Mm3 by 2027.
In the Tarfaya-Boucraa-Laayoune Southern axis , the installation of a green ammonia production complex is planned in the south of Tarfaya. This will have a capacity of 1mT per year powered by a solar and wind farm, with a total capacity of 3.8GW. An electrolyser production plant will support the ambition of this project, ensuring local industrial integration in this new value chain. A desalination plant with a capacity of 60Mm3 will supply these industrial facilities and contribute to meeting regional needs.
Through this program, OCP Group wants to support the emergence of an innovative national industrial ecosystem, by supporting circa 600 SMEs in the energy, agricultural and industrial sectors. The program aims to create 25,000 direct and indirect jobs.
The OCP Group
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Our mission and vision
We’re on a mission to feed the soil to feed the world. Read how we’re making it a reality, and creating a more sustainable future for everyone.