OCP Green Water secures MAD 6 billion (USD 620 million) financing, with the assistance of CDG Group, for sustainable water production.

OCP Green Water (OGW), a subsidiary of the OCP Group dedicated to the production of non-conventional water, has secured 6 billion dirhams (620 million USD) in financing with the assistance of the Caisse de Dépôt et de Gestion (CDG) Group. The fundraising, arranged by CDG Capital, was carried out through a private placement with qualified institutional investors and was approved by the Moroccan Capital Market Authority (AMMC), with the objective of supporting the expansion of OCP Group’s desalination capacities.

This investment aligns with OCP Group’s sustainability goals and commitment to industrial efficiency. By 2030, OGW aims to achieve an annual desalinated water production capacity of 630 million m³, meeting OCP Group’s entire non-conventional water needs as well as supplying nearby urban and agricultural areas.

By mobilizing financing through capital markets, OGW benefits from optimal conditions to drive its expansion and strengthen the Group’s autonomy in water supply.

This initiative also aligns with CDG Group’s commitment to enhancing Morocco’s water security and supporting national initiatives for responsible water management.

“This financing marks a key milestone in our sustainable water strategy. It reinforces our shared commitment with CDG Group to take concrete steps toward strengthening Morocco’s water resilience” said Mr. Ahmed Znibar, CEO of OGW.

“Today’s financing is fully aligned with CDG Group’s strategy to support its institutional partners in mobilizing financing for the development of strategic national projects, with a particular focus on securing water supply and promoting the responsible management of resources”, said Mr. Mehdi Bouriss, CEO of CDG Capital.

About OCP Green Water

OCP Green Water (OGW) is a subsidiary of OCP Group dedicated to the management and production of non-conventional water. Its mission is to develop desalination and wastewater reuse infrastructure as part of an integrated strategy to achieve the Group’s water sovereignty and ensure the sustainable preservation of water resources in Morocco.

About OCP Group

OCP Group helps feed a growing global population by providing the essential elements for soil fertility and plant growth. With over a century of expertise and a turnover of more than US$ 9 billion in 2024, OCP Group is the world leader in plant nutrition solutions and phosphate-based fertilizers. Headquartered in Morocco and present on five continents, OCP Group has over 17,000 employees and works closely with more than 350 customers around the world.
OCP Group recently launched a green investment strategy, dedicated to increasing fertilizer production and investing in renewable energy. The strategy foresees an overall investment of approximately US$ 13 billion over the period 2023-2027, enabling the Group to use 100% non-conventional water since early 2025 (ensuring full autonomy, including a water desalination capacity of 560 million m3 per year by 2027), 100% clean energy by 2027 and to achieve full carbon neutrality by 2040 (Scopes 1 and 2 by 2030, and Scope 3 by 2040), while increasing the production of green fertilizers.
The Group is firmly convinced that leadership and profitability go hand in hand with social responsibility and sustainable development. Its strategic vision sits at the intersection of these two dimensions.
For more news and information: www.ocpgroup.ma

About the CDG

The Caisse de Dépôt et de Gestion (CDG) is a public financial institution with a dual mandate:

• To collect and safeguard regulated savings, notably deposits from the CNSS (National Social Security Fund), the National Savings Fund, legal professions, and consigned funds;
• To channel long-term savings into profitable investments that drive socio-economic growth.

Since its establishment in 1959, CDG has been at the forefront of Morocco’s national efforts to build a productive present and a prosperous future for the country and its citizens. It serves as a trusted vehicle for securing national savings through rigorous deposit management. The “Amana” (trust) entrusted to CDG imposes a dual obligation of responsibility and performance in the service of the public interest.
Over the years, CDG has become a true catalyst for long-term investment, while developing unique expertise in the implementation of large-scale, high-impact projects. Its organization is structured around five main business areas: Savings and Pension Management / Territorial Development / Tourism / Investment / Banking and Finance.

About CDG Capital

CDG Capital is a wholly owned subsidiary of the Caisse de Dépôt et de Gestion (CDG), established in 2006 with the objective of consolidating all financial market-related business lines within the CDG Group.
In response to a national context marked by strong and sustained growth, CDG Capital redefined its business model to align with major public strategies, positioning itself as the Bank for Institutional Investors.
Its primary role is to channel savings mobilized from financial institutions into long-term investments, thereby supporting public strategies and contributing to the realization of large-scale projects with a positive socio-economic impact for the nation