The Office Chérifien des Phosphates (OCP) in Morocco has unveiled the “Green Investment Programme”, a program that aims to set up green infrastructures in the country.
The program estimated to cost 11.6 billion euros is set to run for five years. It will entail projects focused on water, renewable energies and agro-ecology in order to limit the environmental impact of the company’s mining sites located in Benguerir, Boucraâ-Laâyoune and Youssoufia.
Sustainable agriculture
OCP through the program will boost its investments in sustainable agriculture, notably by tripling its fertilizer production capacity to become “the world’s leading producer and exporter of phosphate fertilizers. This ambition of OCP will be achieved thanks to the research work of the Mohammed VI Polytechnic University (UM6P). It will allow the development of new technologies, notably artificial intelligence, the digitization of agricultural fertilization systems adapted to different soils in order to reduce ammonia imports and “the production of green fertilizers”.
OCP’s “Green Investment Plan” also focuses on the development of renewable energies through the supply of solar and wind energy to its main plant in Casablanca. “This initiative will make it possible to reduce greenhouse gas emissions, ensure a rapid energy transition and strengthen the attractiveness of the territories in line with the United Nations Sustainable Development Goals (SDGs),” said Akinwumi Adesina, President of the African Development Bank (AfDB).
According to Mostafa Terrab, CEO of OCP, these various investments will enable the support of 600 Moroccan industrial companies and the creation of 25,000 direct and indirect jobs in collaboration with the Moroccan Ministries of the Interior, Economy and Finance, Equipment and Water as well as Energy Transition and Sustainable Development.
 in Morocco has unveiled the "Green Investment Programme", a program that aims to set up green infrastructures in the country.){kind=link}