The OCP Group continues its sustainable transformation with a significant new financial support. The Moroccan giant of phosphate fertilizers has just signed a financing agreement of 350 million euros with the French Development Agency (AFD), aimed at supporting its ambitious green investment program estimated at 13 billion dollars for the period 2023-2027.
This funding will help accelerate the group’s energy transition, which has set a goal of carbon neutrality across its entire value chain by 2040. Among the priority areas: strengthening the production of renewable energies, generalizing the use of unconventional water in industrial processes, and developing green ammonia, a strategic ingredient for low-carbon footprint fertilizers.
The initiative is part of a broader vision where industrial performance aligns with positive environmental impact. It also aims to meet the specific needs of African agriculture by developing tailor-made fertilizers better suited to the soils and climates of the continent.
At the same time, the AFD is also supporting the MAVA platform (Mobilizing for Agricultural Value Chains in Africa), led by the Moroccan incubator INNOVX. This initiative aims to structure agricultural value chains on the continent by facilitating access to financing, technologies, and markets for farmers and young businesses in the sector.
Through these two commitments, OCP and the AFD are strengthening a strategic partnership oriented towards a resilient, innovative, and sustainable agricultural model. A strong signal in favor of African food sovereignty and the fight against climate change.