For many years, the ceremony has been part of the proactive orientation promoted by His Majesty the King in the transition towards green energies and a low-carbon economy.

“HisMajesty King Mohammed VI may god assist Him, chaired, on Saturday, December 03, 2022, at the Royal Palace in Rabat, the presentation ceremony of the new green investment program of the OCP Group (2023-2027) and the signing of the relevant protocol agreement between the government and OCP group.

For many years, the ceremony is part of the proactive orientation promoted by His Majesty the King in matters of transition towards green energies and a low-carbon economy. The ceremony comes in the morrow of the work meeting presided over by the Sovereign last November 22, devoted to developing renewable energies and to new perspectives in the field.

At the beginning of the ceremony, OCP Group Chairman and Chief ExecutiveOfficer, Mr. Mostafa Terrab, presentedbeforeHisMajesty the King the results of the group’s first investment program, the subject to High Royal Guidelines in 2012, and whichhelpedsolidlyanchor OCP in the fertilizers market. By trebling its fertilizer production capacity, OCP group is today positioned as one of the world’sleadingproducers and exporters of phosphate fertilizers.

The group relied on the research and development capabilities of the Mohammed VI PolytechnicUniversity (UM6P) to seize the opportunities offered by the new industrial and digital technologies and to develop expertise in innovative technologies for balanced fertilization to take up the challenges of sustainable agriculture and food security.

Mr. Terrabthen made an exposé before the Sovereign on the group’s new investment program. The program revolves around increasing the fertilizer production capacities while committing to achievecarbonneutralitybefore 2040 by relying on the unique source of renewable energies and on the Kingdom’sprogress in this field under the leadership of his majesty King Mohammed VI, may godassistst Him.

The group plans to feed all its industrial facilities with green energy by investing in solar and wind power by 2027. The low-carbonenergywillalsobeused to supply the new seawater-desalination capacities to meet the groups needs and provide the areas around OCP sites with drinking and irrigation water.

This investment will help the group, first world importer of ammonia, to eventually end reliance on these imports by also investing in renewable energy – green hydrogen – green ammonia sector, allowing the group to firmly enter the market of green fertilizer and fertilization solutions adapted to the specific needs of different soils and crops.

This ambition will be backed by supporting programs for industrial SMEs and those operating in the energy and agriculture sectors, hence favoring the emergence of an innovative national ecosystem and the creation of new employment and job integration opportunities for the youth.

The new program, which will help consolidateOCP’s world position, provides for a global investment of 13 billion dollars (130 billion dirhams) over the period 2023-2027, the achievement of a local integration rate of 70%, the backing of 600 Moroccanindustrialenterprises and the creation of 25000 direct and indirect jobs.

To this end, his majesty the King presided over the signing of a protocol agreement related to this investment program between the government and OCP group, respectively represented by the Ministers of the Interior, of the Economy and Finance, of Equipment and Water, of Energy Transition and sustainableDevelopment, of Investment, Convergence, and Assessment of Public Policies, on the one hand, and by the OCP Chairman and Chief ExecutiveOfficer, on the other.

This ceremony was attended by the Head of Government, the Advisors to His Majesty the King, and members of the Government.”