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Zenger
Zenger
World
Joseph Hammond

Morocco Fertilizer Firm Invests In Green Initiatives, Including Effort With U.S. Fund

Morocco OCP Fadel Senna King Charles III
Moroccan King Mohammed VI stands as he inaugurates the Noor 1 Concentrated Solar Power (CSP) on February 4, 2016. The King was presented with a new investment plan by the OCP Group this month as part of move to less-carbon internsive forms of energy.FADEL SENNA/AFP VIA GETTY IMGES

(CASABLANCA, Morocco) One of the world’s largest “supermajor” fertilizer production companies has made a substantial commitment to Green energy. The recent annoucement is part of a larger strategy that also involves investment in a U.S. agritech fund.

The OCP Group has publicly committed to spend 130 billion dirhams ($12.3 billion) to increase fertilizer production from green energy sources by 2027 the country’s chief executive Mostafa Terrab annouced this week.

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