All Updates

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Funding
OCP Group raises EUR 200 million in green investment funding
Natural Fertilizers
Jun 4, 2024
This week:
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SurrealDB raises USD 20 million in Series A; launches beta version of Surreal Cloud
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Natural Fertilizers

Natural Fertilizers

Jun 4, 2024

OCP Group raises EUR 200 million in green investment funding

Funding

  • OCP Group, a leading phosphate-based fertilizer producer, has secured EUR 200 million (~USD 218 million) in funding led by KfW, Germany's development and investment bank.

  • The funds will be utilized to fulfill its USD 13 billion green investment strategy from 2023 to 2027. This includes 100% non-conventional water use in its industry by 2024, 100% clean energy by 2027, and full carbon neutrality by 2030 and 2040. The strategy also includes a USD 7 billion investment in the production of green hydrogen and green ammonia and expects to create 25,000 jobs by engaging with 600 companies.

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