At the beginning of the ceremony, OCP Group  Chairman and Chief Executive Officer, Mr. Mostafa Terrab, presented the results of the group's first investment which saw an impressive triple-digit increase in the fertilizer market since 2012 making the Moroccan phosphate base fertilizer a significant global player. 

 

The new program will help OCP reach a local integration rate of 70%; back 600 Moroccan industrial enterprises, and create 25000 direct and indirect jobs.

This new investment program aims to increase fertilizer production capacity with a long-term goal of carbon neutrality before 2040, according to a statement from the Royal Cabinet.

 

This investment will help the group, first world importer of ammonia, to eventually end reliance on these imports by also investing in renewable energy – green hydrogen – green ammonia sector, allowing the group to strongly enter the market of green fertilizer and of fertilization solutions adapted to the specific needs of different soils and crops.