INSUBCONTINENT EXCLUSIVE:
OCP Group, a giant in phosphate production, is making headlines with its bold plan to invest over $14 billion (about MAD 139 billion) from
2027.This money will help boost production capacity and tackle sustainability challenges that come with growing agricultural demands.This
year, OCP expects to earn around $10.37 billion (MAD 102.65 billion), which is a 12% increase from last year
Role in Global Phosphate Production
(Photo Internet reproduction)By June, they reported a revenue jump of 15%, reaching about $4.37 billion (MAD 43.25 billion), while
InvestmentsOne of the exciting projects OCP is working on includes building two desalination plants in Jorf Lasfar and Benguerir
These plants will ensure that OCP has enough water for its operations and will also provide clean drinking water to local communities.On top
along with nitrogen and potassium
thrive, which poses a risk to food security worldwide
local needs but also exports fertilizers globally, significantly boosting agricultural productivity.When compared to competitors like
Nutrien and Yara International, OCP stands out due to its low production costs and access to vast reserves of phosphate.Nutrien currently
leads the market with about 16.97% share, but OCP aims to grow its own share through these strategic investments
providing affordable fertilizers to developing nations, especially in Africa.OCP is committed to investing in local fertilizer production
units in countries like Ethiopia and Nigeria, where it supplies over 90% of annual fertilizer needs.This investment plan also fits into
Toward Sustainable AgricultureOCP plans to produce green ammonia using green hydrogen by 2026, which will help reduce reliance on fossil
fuels.By investing in desalination and renewable energy, OCP addresses pressing challenges such as water shortages and energy dependence
These issues threaten agriculture in Morocco.This strategy not only secures essential water resources for fertilizer production but also
increasing demand for fertilizers worldwide, particularly amidst environmental challenges.
