OCP SA, a state-owned enterprise, is a fully integrated phosphate fertilizer producer with operations at every stage from mining to processing to sales of phosphate products. The Company is the largest producer and exporter of phosphate rock and phosphoric acid globally. OCP’s shareholders are the Moroccan State and other minority shareholders with, respectively, 94.1% and 5.9% ownership.

OCP SA (“OCP” or the “Company,” https://www.ocpgroup.ma/) launched in 2022 its green investment program, with clear objectives to (i) supply OCP with 100% non-conventional water by 2024, (ii) ensure the supply of drinking water to neighboring towns, and (iii) engage in the development of high value-added agricultural activities.

The Project will be implemented by OCP, through its 100%-owned subsidiary OCP Green Water.

The Project cost is estimated at approximately US$486 million. The proposed IFC investment comprises up to EUR 100m A-Loan for IFC’s Own Account.

The Project pipeline will be installed between Jorf Lasfar and Khouribga, mostly following the same route as the slurry pipeline owned and currently operated by OCP.

 OCP has developed an adequate control environment with appropriate internal controls, internal audit, risk management and compliance functions. OCP’s leadership has shown strong ambition to adopt best practices in terms of corporate governance and has signed a comprehensive corporate governance advisory services engagement with IFC.