Moroccan state-owned OCP Group and Italian SACE group have agreed to a €365 million green financing facility,the first of its kind under OCP’s Green Finance Framework and the first guaranteed by SACE Push Strategy in Morocco.
This strategic partnership reinforces OCP’s commitment to sustainability and innovation in plant nutrition solutions. SACE,Italy’s insurance and financial group controlled by the Ministry of Economy and Finance,has agreed to provide €365 million in green financing to OCP Group,the world leader in plant nutrition solutions and phosphate-based fertilizers.
This financing will support OCP Group’s $13 billion green investment program for 2023–2027,aimed at enabling 100% non-conventional water use since early 2025,including desalination capacity of 560 million m3 per year by 2027,ensuring complete water autonomy.
The funding will also enable OCP to use 100% clean energy by 2027,ensure full carbon neutrality by 2040 and increase production of green fertilizers,advancing sustainable agriculture and global food security.
Beyond financing,this agreement fosters business opportunities between OCP Group and Italian suppliers,facilitated by SACE-led business matching initiatives.
“The agreement between SACE and OCP represents a significant step in strengthening ties between Italy’s industrial excellence and one of Morocco’s leading economic players,” said Armando Barucco,Italian Ambassador to Morocco.
“This strategic partnership not only fosters deeper economic collaboration,but also creates new business opportunities for Italian companies across multiple sectors,reinforcing a strong foundation for bilateral trade and investment”,he added.
Michal Ron,Chief International Officer at SACE,said : “This initiative demonstrates our commitment to promoting Made in Italy and supporting Italian companies in key sectors such as infrastructure,renewable energy,and industrial machinery. It also reinforces our commercial ties with Africa,in alignment with the Mattei Plan. The Push Strategy is a vital tool to unlock new export opportunities for Italian SMEs and strengthen relationships with key international partners.”
Karim Lotfi Senhadji,Chief Financial Officer of OCP,said: “This landmark green financing agreement with SACE is a testament to OCP Group’s unwavering commitment to sustainability and innovation”
By securing this facility,we are accelerating our transition towards 100% clean energy and 100% non-conventional water,reinforcing our leadership in sustainable plant nutrition solutions,he added,noting that this partnership not only strengthens OCP financial strategy but also fosters deeper collaboration,unlocking new opportunities for sustainable growth in both Morocco and Italy.
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