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 […]

Business Europe Headlines International Morocco

Rare Earths Extraction: OCP & Mohammed VI Polytechnic University sign deal with British Rainbow

Moroccan state-owned phosphate group OCP and Mohammed VI Polytechnic University (UM6P) signed on Monday a cooperation agreement with UK “Rainbow Rare Earths” company to further investigate and develop the optimal technique for the extraction of rare earth elements from phosphogypsum. Phosphogypsum contains rare earths as a by-product of phosphoric acid production. OCP together with the […]

Africa Business Headlines International Morocco

Morocco to help African countries with 550k tons of fertilizers

Morocco’s phosphates and fertilizers producer OCP is addressing the shortage in fertilizer on the African continent by offering 180,000 tons of customized fertilizers in donations and 370,000 tons at a reduced price to help many African countries secure their soil nutrients needs amid a surge of prices in the international demand. The fertilizers market has […]

Africa Business Headlines International Morocco

Phosphates: Morocco’s OCP sends Rwanda 15,000 tons of fertilizers

Morocco’s state-owned phosphate OCP Group has provided Rwanda 15,000 tons of Diammonium Phosphate (DAP) in a solidarity move to help farmers of this African country maintain productivity amid a serious global supply shortage, leading to record high fertilizer prices. The announcement of Moroccan donation was made over the weekend by Rwanda’s Minister of Agriculture Gerardine […]

Business Headlines International Morocco

Evergrowing list of countries seeking Morocco’s phosphates, fertilizers

Amid a global shortage in fertilizers and their inputs because of the COVID-19 pandemic, and the suspension of traditional supplies from Eastern Europe, many countries have expressed interest in Morocco’s fertilizer products, including Bangladesh, Brazil, Japan, Peru… Bangladesh is planning to import 40,000 tons of DAP (di-ammonium phosphate) fertilizer from Morocco’s phosphates and fertilizers producer, […]