Africa Business Headlines International Morocco

Dakar 2 Summit: Morocco’s OCP committed to improving farming productivity in Africa (Official)

Morocco OCP group will “actively contribute” to improving agricultural productivity in Africa, with a commitment to devote to the continent more than 4 million tons of fertilizers in 2023, said the General Manager of OCP Africa, Mohamed Anouar Jamali. This amount represents “more than double that provided by OCP to the continent in 2021 and […]

Asia Business Headlines International Morocco

OCP, India seal deal for supply of 1.7 million tons of fertilizer over 12 months

Morocco’s OCP Group and the Indian government have sealed an agreement on the supply of fertilizers to the Asian country. In a statement released over the weekend, OCP said it will supply more than 1.7 million metric tons (MT) of phosphate fertilizers to Indian companies during the agricultural season over the next twelve months. “The […]

Asia Business Headlines International Morocco

India seeks food security through more Moroccan phosphates supplies

Indian chemicals and fertilizers minister Mansukh Mandaviya will be visiting Morocco this month to seal long-term phosphates supply deal amid surging prices in the international market. Indian media reported that in addition to Morocco the minister, accompanied by Indian firms, will also visit Egypt to set up plants for Diammonium Phosphate (DAP) and Nitrogen-Phosphorus-Potassium (NPK) […]

Africa Business Headlines International Morocco

Madagascar seeking Moroccan fertilizer investment

President Andry Rajoelina of Madagascar announced his country is seeking an investment from Morocco in the fertilizer sector as part of its efforts to achieve farming self-sufficiency, Reuters reports. “We are seeking Moroccan fertilizers as well as investments in the fertilizers’ sector,” Rajoelina, who visited Morocco in October, told Reuters in an email. “We need […]

Energy Europe Headlines International Morocco

Morocco eyes huge hydrogen projects for export to Europe – Bloomberg

Morocco is considering partnering with Gautam Adani — Asia’s richest person — on a large-scale hydrogen project amid a renewable energy push to meet demand at home and in Europe. Authorities are thinking of signing final investment decisions for “at least two competitive industrial projects” in 2023, Moroccan Energy Transition Minister Leila Benali told Bloomberg […]

Business Columns Energy Headlines Morocco

OCP sets green transition example for Moroccan industry

Moroccan phosphates and fertilizers producer is setting the example for other industry giants in Morocco by adopting an ambitious roadmap to reach carbon neutrality by 2040 starting with a shift to fully rely on renewable energy in fertilizers production by 2027. The new plan is part of Morocco’s efforts, spurred by the leadership of King […]

Business Headlines Morocco

Morocco’s OCP reports record $8.37 billion in Q3 revenue

Morocco’s phosphates and fertilizers exporter OCP said its revenue up to September this year grew to 89 billion dirhams or 8.3 billion dollars after the increase in prices and demand in the international market. This performance marks a 55% increase compared to the same period a year earlier thanks also to decreasing Chinese exports, OCP […]

Americas Business Headlines International Morocco

Morocco’s OCP launches its 1st carbon farming project in Brazil

Morocco’s state-owned OCP Group, the world’s largest producer of phosphate-based fertilizers, announced on Tuesday its first carbon farming and certification project in Brazil to ensure food security and advance towards global net zero emissions. The OCP has teamed up with Bioline by InVivo, Agrorobótica and a selected famer for this project to be carried out […]

Business Emerging Markets Europe Headlines International Morocco

OCP Buys 50% Stake in GlobalFeed from Spanish Fertinagro Biotech

Moroccan state-owned Phosphate giant, OCP Group, announced on Monday it acquired 50% stake of GlobalFeed S.L. from Fertinagro Biotech S.L., a major Spanish fertilizers producer. “This acquisition confirms OCP’s objective to diversify its phosphate solutions and become a leading player in the animal nutrition sector, addressing growing demand and expanding its offerings to specialty sustainable […]

Business Europe Headlines International Morocco

Food Security: Europe forced to turn to OCP to meet its fertilizers needs

One of the few viable alternatives to Russian fertilizer is Morocco, which already accounts for 40% of Europe’s imports of phosphate, said Jacob Hansen, Director General of Fertilizers Europe. Hansen made the remarks to European press as the global battle for fertilizer, a vital commodity for food production, has emerged as one of the by-products […]