Moroccan chemical manufacturing company OCP Group has announced plans to invest MAD 44.3 billion Moroccan dirhams ($4.2 million) in 2023 as part of its broader strategy for the 2023-2027 period. This investment aligns with the company's focus on sustainability and carbon-neutral production, aiming to produce 20 million tonnes of carbon-neutral fertilizer by 2027.
The initiative includes investments in green ammonia production, renewable energy development, and water self-sufficiency projects. OCP's commitment to sustainability in the face of revenue challenges reflects its long-term vision for environmentally responsible phosphate production.