Moroccan phosphate giant OCP Group has taken a major step in advancing the country’s water resilience by securing €550 million (6 billion dirhams) through its subsidiary, OCP Green Water (OGW), to expand its seawater desalination capabilities.
The funding round, arranged and placed by CDG Capital, was targeted at qualified institutional investors and marks a significant milestone in the group’s strategy to achieve water autonomy.
OCP, a global leader in phosphate-based fertilizers, has long committed to sustainable industrial practices and reducing reliance on traditional freshwater resources.
“This financing represents a key milestone in the deployment of our sustainable water strategy.
It reflects our shared commitment with the CDG Group to take concrete action in strengthening Morocco’s water resilience,” said Ahmed Znibar, Managing Director of OCP Green Water.
The investment will accelerate OGW’s desalination projects, with a goal to reach an annual production capacity of 630 million cubic meters of desalinated water by 2030.
This will not only satisfy all of OCP’s industrial needs for non-conventional water but also support surrounding urban and agricultural areas facing increasing water scarcity.
The initiative aligns with Morocco’s national priorities as the country grapples with recurring drought and mounting hydrological stress.
The collaboration with CDG Capital highlights a concerted effort to mobilise capital for strategic infrastructure projects critical to the nation’s sustainability.
“This operation fully aligns with CDG Group’s strategy to support its institutional partners in securing financing for projects of strategic importance to the country, particularly those related to water supply security and the promotion of responsible resource management,” said Mehdi Bouriss, Director General of CDG Capital.
The partnership between OCP Green Water and CDG Capital underscores Morocco’s growing investment in climate adaptation solutions, blending industrial innovation with financial engineering to establish a resilient water management model.
As water becomes an increasingly pressing concern, this initiative positions Morocco as a leader in sustainable resource governance across Africa.
Source: apanews
