OCP Group SA said it plans to open a new phosphate mine in Meskala in Morocco’s Essaouira Province and to build a new fertilizer production complex at Mzinda. The new fertilizer facility will process rock from the mines at Benguerir and Youssoufia, as well as from the new mine of Meskala.
The plans are a key part of OCP’s second phase of its investment program, announced last December, which the group said will see global investments of about $13 billion over the 2023-2027 period (GM Dec. 9, 2022). The investment program is aimed at increasing OCP’s mining and fertilizer production capacities while achieving full carbon neutrality by 2040 by including sustainability investments around solar energy, water, and green ammonia.
The program is targeting an increase in fertilizer production capacity from the current 12 million mt/y to 20 million mt/y by 2027, and includes plans to produce 1 million mt/y of green ammonia by 2027.