EBRD Provides €200 Million Financing to Support OCP Group’s New Desalination Facilities for Industrial Use and Sustainable Resource Management
Summary
The European Bank for Reconstruction and Development (EBRD) is providing a 200 million loan to OCP Group, the world leader in plant nutrition solutions and phosphatebased fertilizers, aimed at strengthening water security through the development of new desalination facilities in Morocco.The EBRD loan will finance the construction of two seawater desalination facilities for OCP Group, at its key industrial complexes in El Jadida (Jorf Lasfar) and Safi. This financing not only underscores EBRDs commitment to addressing critical issues like water scarcity but also aligns with our broader mission to foster sustainable industrial solutions. To date, the EBRD has invested over 4.7 billion in Morocco through 105 projects.OCP Group helps feed a growing global population by providing it with the essential elements for soil fertility and plant growth. With over a century of expertise and a turnover of more than US$ 9 billion in 2023, OCP is the world leader in plant nutrition solutions and phosphate-based fertilizers. The strategy foresees an overall investment of approximately USD13 billion over the period 2023-2027, which will enable the Group to use 100% non-conventional water in 2024 (to ensure its complete autonomy, including a water desalination capacity of 560 million m3 per year by 2026), 100% clean energy by 2027 and achieve full carbon neutrality by 2040 (Scopes 1 and 2 by 2030, and Scope 3 by 2040), while increasing the production of green fertilizers.