Morocco’s Cheriffian Office for Phosphates (OCP) plans to establish two new companies as part of its climate-change strategy, which aims to reduce carbon emissions in all of its industrial activities.
The world’s leading fertilizer producer has set as one of its strategy goals the use of 100% unconventional water by 2026 and carbon neutrality by 2040.
The government has given the office the go-ahead to establish the two companies via two decrees published in the Official Gazette No. 7136 this week.
The first company will be called OCP Green Water to be established in the form of a joint stock company with a board of directors with a capital of MAD 3.8 billion. Its main activity is the production and marketing of non-conventional water for industrial use and supply of potable water to the regions of El Jadida and Safi.
Through this project, the office aims to secure water supplies for industrial needs, enhance its role in implementing public policies in strategic sectors, and improve expertise and knowledge in the fields of water and green energies.
It is expected that the volume of production and supply of drinking water and water for industrial use will reach about 85 million cubic meters in 2023, and about 110 million cubic meters annually by the year 2026.
The second company will be called OCP Green Energy in the form of a joint stock company with a board of directors with a capital of MAD 1.4 billion, specializing in the production and marketing of renewable energies to provide clean energy and produce non-conventional water for drinking and industrial use.
This move will enable the company to achieve the goal of carbon neutrality, reduce energy cost, and enhance its experience and knowledge in the areas of green energy.
In the first phase, the energy production of 30 megawatts is expected by the fourth quarter of 2023 in the city of Benguerir, which will be devoted to filling the OCP Green Water Company with clean energy.
It is also expected to produce a power of 202 megawatts installed between the Khouribga and Benguerir sites to cover the needs nationwide.
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