Casablanca – The OCP Group, a global leader in phosphate production, is set to invest over $14.3 billion in an expansion plan spanning from 2025 to 2027, according to a report on public institutions and companies accompanying Morocco’s draft Finance Bill for 2025.

This significant investment will be strategically distributed across the three-year period. In 2025, OCP plans to allocate $4.64 billion, followed by $5.36 billion in 2026, and over $4.35 billion in 2027. The report, published by Morocco’s Ministry of Economy and Finance, highlights the group’s commitment to consolidating its position as a global leader in the phosphate industry.

2024 financial projections

For the current year, the OCP Group expects to close 2024 with impressive financial results. Revenues are forecast to reach $10.58 billion, a 12% increase compared to 2023. The company’s net profit is projected to rise by 15%, amounting to approximately $1.7 billion. Moreover, OCP’s investment achievements are expected to hit $4.62 billion, representing a staggering 64% growth from the previous year.

As of June 2024, OCP’s revenue had already grown by 15%, reaching around $4.46 billion. Investment expenditures saw an equally strong surge, rising by 64% to $2.03 billion.

Green investment and sustainability initiatives

OCP’s ambitious investment strategy is closely tied to its green agenda, with sustainability at the core of its future growth. In 2023, the group inaugurated two new desalination plants in Jorf Lasfar and Ben Guerir. These facilities have allowed OCP to achieve self-sufficiency in non-traditional water sources at Jorf Lasfar, while also providing drinking water to the cities of Safi and El Jadida.

Further strengthening its sustainability credentials, OCP issued its third tranche of perpetual subordinated bonds worth $515 million in 2023. Additionally, the group secured a $103 million green loan from the International Finance Corporation (IFC) to support the construction of four solar power plants.

Global leadership and recognition

The group’s commitment to growth and sustainability has not gone unnoticed. In 2023, Moody’s awarded OCP an “Investment Grade” rating of BAA3, underscoring the group’s leading role in the global phosphate fertilizer sector.

With its strategic investments and dedication to sustainable practices, the OCP Group continues to solidify its position as a world leader, driving both financial success and environmental responsibility on the global stage.