First Independent Mena Newspaper
Morocco’s state-owned OCP group has successfully raised $2 billion from Eurobonds sale which attracted massive investor interest, exceeding $6.2 billion, or 3.1 times the amount offered. According to press reports, the world phosphate and fertilizer giant issued 10-year and 30 year-bonds with interest rates of 6.75% and 7.5% respectively. The raised money will help the […]
Morocco’s state-owned phosphate OCP Group announced this Tuesday the setting up of a new subsidiary offering farmers customized plant nutrition solutions adapted to the crop, climate, and soil. Dubbed “OCP Nutricrops”, the new entity will leverage the Group’s leading phosphate-based plant nutrition production and distribution capabilities to provide farmers with tailored solutions that preserve soil […]
The world’s leading producer of phosphate fertilizers, OCP Group, has announced the launch of the construction of four photovoltaic plants in the mining cities of Benguerir and Khouribga in Morocco. This large-scale project, with a total capacity exceeding 200 megawatts (MW), represents a crucial step in OCP’s sustainable development strategy, and translates its growing commitment […]
Morocco’s OCP Group, the world’s largest phosphate-based fertilizer producer, the Mohammed VI Polytechnic University (UM6P), and Regrow, an American startup invested in the agricultural field, last week, signed a strategic partnership to develop a Measurement, Reporting and Verification (MRV) system specific to African soil. The system is based on the “DNDC” (DeNitrification-DeComposition) biogeochemical model, a […]
Morocco’s state-owned phosphate company OCP has reported $1.78 billion in first quarter of 2023 against $2.6 billion earned in the same period last year. Yet, this year’s results show the resilience of the global leader in the fertilizer industry in challenging market conditions, says the company in a press release. Global fertilizer prices continued to […]
OCP Group, the Moroccan state-owned global phosphate-based plant and animal nutrition solutions provider, and Fertinagro Biotech S.L., a major Spanish fertilizer producer, have finalized the acquisition by OCP of 50% Stake In Globalfeed S.L. In a joint press release issued this Wednesday, May 17, 2023, the OCP Group and Fertinagro Biotech S.L., a major fertilizer […]
Morocco phosphates and fertilizers producer OCP posted a record revenue of 11.28 billion dollars in 2022, up 40%, thanks to high prices as well as industrial flexibility, commercial agility, and efforts to reduce production costs. “OCP was able to fully leverage the benefits of higher prices, while calibrating production to match the attendant lower volumes, […]
Morocco’s OCP group, which elaborated a program to support African farmers as the continent faces a food security crisis, has donated 5,000 tons of fertilizers to smallholder farmers in Mauritania and struck a partnership with Kenya’s Ministry of Agriculture to launch soil mapping exercises for over 100 participants. The fertilizers donated to Mauritania will benefit […]
King Mohammed VI chaired, this Saturday at the Royal Palace in Rabat, the presentation ceremony of the new green investment program of the OCP Group worth $13 billion. The new green investment program (2023-2027) is meant to put an end to the group’s dependence on ammonia imports and enable investment in the chain of renewable […]
Morocco’s phosphates and fertilizers producer OCP was given go-ahead to set up two subsidiaries to produce water from non-conventional sources as well as renewable energy in the region of Safi. The official gazette published the governmental decree allowing the OCP to operate in these fields as Morocco faces the worst drought in four decades. The […]