Casablanca – OCP Group, a global leader in soil and plant nutrition solutions, has made significant strides in its strategic initiatives, including the launch of its new subsidiary “OCP Nutricrops” and the successful issuance of a record-breaking $2 billion Eurobond to fund its green transformation program.

The introduction of “OCP Nutricrops” during the SIAM agricultural fair underscores OCP’s commitment to innovative plant nutrition and soil health solutions. Leveraging OCP’s expertise in producing plant nutrients from phosphate, “OCP Nutricrops” aims to provide tailored solutions to farmers, promoting soil quality, sustainable yields, climate resilience, and environmental stewardship.

In tandem with this initiative, OCP Group secured $2 billion through a two-tranche Eurobond issuance, marking the largest transaction in the company’s history. The issuance, split into ten-year and thirty-year maturities with attractive interest rates, garnered significant investor interest, surpassing initial expectations with a subscription demand of $6.2 billion. This achievement reflects renewed investor confidence in OCP’s financial strength and sustainable growth vision.

“The success of our international bond issuance underscores the confidence investors have in OCP’s financial stability and commitment to sustainable growth,” remarked Mostafa Terrab, CEO of OCP Group.

The proceeds from the Eurobond issuance will support OCP’s ambitious green transformation program, which aims to achieve several key objectives by 2027. This includes expanding green fertilizer production capacity to 20 million tons annually, up from the current 15 million tons, and scaling renewable electricity production to 5 gigawatts through solar and wind projects.

Moreover, OCP is committed to using 100% unconventional water sources by 2024, with plans to establish a seawater desalination capacity of 560 million cubic meters per year by 2026. These efforts align with OCP’s goal of transitioning to 100% clean energy usage by 2027 and achieving carbon neutrality by 2040.

The issuance of the Eurobond and the launch of “OCP Nutricrops” signify significant milestones in OCP Group’s journey towards sustainable growth and environmental stewardship, reinforcing its position as a leader in the global agriculture and fertilizer market. As OCP continues to drive innovation and sustainability in agriculture, stakeholders anticipate further advancements in the company’s transformative initiatives.