OCP Green Water secures 6 billion dirhams to enhance sustainable water strategy

Saturday 19 April 2025 - 15:12

By: Dakir Madiha

OCP Green Water secures 6 billion dirhams to enhance sustainable water strategy

The OCP Group, through its subsidiary OCP Green Water (OGW), has reached a pivotal milestone in its commitment to water sovereignty. OGW has successfully secured a financing package of 6 billion dirhams (approximately 620 million dollars), structured and placed by CDG Capital, a subsidiary of the Caisse de Dépôt et de Gestion (CDG). This fundraising effort was conducted with qualified institutional investors to support the development of desalination capacities within the OCP Group.

According to a statement received by Lareleve.ma, this investment aligns with the Group's sustainability objectives and underscores its dedication to responsible water resource management. By 2030, OGW aims to produce 630 million cubic meters of desalinated water annually, addressing all of OCP's non-conventional water needs while contributing to the supply for surrounding urban and agricultural areas.

“This financing represents a key step in deploying our sustainable water strategy. It illustrates our shared commitment with the CDG Group to take concrete actions to enhance Morocco's water resilience,” stated Ahmed Znibar, General Director of OCP Green Water.

Mehdi Bouriss, General Director of CDG Capital, emphasized that “this operation fully aligns with the CDG Group's strategy to support its institutional partners in mobilizing financing for strategic projects in the country, particularly in securing water supply and promoting responsible resource management.”

A public-private partnership model for sustainability

By mobilizing funding in capital markets, OGW benefits from optimal conditions to support its development and enhance the OCP Group's water autonomy. This project also aligns with CDG's commitments to the Kingdom's water security and its support for public policies aimed at sustainable water management.

About OCP Green Water

OCP Green Water (OGW) is a subsidiary of the OCP Group dedicated to the management and production of non-conventional water. Its mission is to develop desalination and wastewater reuse infrastructures, as part of an integrated strategy aimed at ensuring water sovereignty for the Group and sustainably preserving water resources in Morocco.

About CDG

The Caisse de Dépôt et de Gestion (CDG) is a public financial institution with a dual mandate: to collect and secure regulated savings, including deposits from the CNSS, the National Savings Fund, legal professions, and consignment; and to channel long-term savings into profitable investments that generate socio-economic growth. Since its establishment in 1959, the CDG has been at the forefront of national efforts to build a productive present and a prosperous future for Morocco and its citizens.

About CDG Capital

CDG Capital, a wholly owned subsidiary of CDG, was established in 2006 to consolidate all financial market operations within the CDG Group. In a national context marked by sustained growth dynamics, CDG Capital has redefined its economic model to support public strategies and transform into an Institutional Bank.

Its primary role is to convert the savings mobilized from financial institutions into long-term investments, thereby supporting public strategies in realizing impactful structural projects for the nation.

About the OCP Group

The OCP Group plays a critical role in feeding a growing global population by providing essential elements for soil fertility and plant growth. With over a century of expertise and revenues exceeding 9 billion dollars in 2024, OCP is a global leader in plant nutrition solutions and phosphate fertilizers. Based in Morocco and present on five continents, the OCP Group employs more than 17,000 people and collaborates with over 350 clients worldwide.

Recently, OCP launched a green investment strategy aimed at increasing fertilizer production while investing in renewable energy. This strategy includes a total investment of approximately 13 billion dollars from 2023 to 2027, enabling the Group to utilize 100% non-conventional water from early 2025, achieving complete autonomy with a desalination capacity of 560 million cubic meters per year by 2027. The Group is committed to reaching 100% clean energy by 2027 and achieving total carbon neutrality by 2040, while also increasing green fertilizer production. OCP firmly believes that leadership and profitability go hand in hand with social responsibility and sustainable development, with its strategic vision reflecting a synergy between economic performance and societal engagement.