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Planting seedlings young plant in the morning light on nature background. Image used for illustrative purpose. Image courtesy: Getty Images/ Sarayut Thaneerat
Moroccan phosphates and fertilisers producer OCP plans to produce 3 million metric tons of fertilisers using renewable energy by 2027 to reduce its carbon footprint, a managing director at the company, Ahmed Mahrou, said on Wednesday.
In 2023, OCP said it will invest $12 billion to power its industrial plants with renewable energy by 2027. It also aims to achieve carbon neutrality by 2040.
Last year, the state-owned group produced 14 million tons of phosphate-based fertilisers.
(Reporting by Ahmed El Jechtimi, writing by Elwely Elwelly, Editing by Louise Heavens)
