This collaboration aims to enhance global food systems while reducing vulnerability to fluctuations in hydrocarbon prices. This initiative signifies a pivotal step toward OCP’s goal of achieving 100% renewable energy usage in its fertilizer production by 2027. OCP’s solar initiative falls under its $13 billion Green Investment Program, aiming to increase green fertilizer production and transition its operations entirely to green energy by 2027. By reducing dependence on hydrocarbons, this partnership enhances sustainable food production, promotes price stability, and strengthens food security in developing and emerging countries. This initiative is also in line with IFC’s Global Food Security Platform, a $6 billion financing facility launched in 2022 to support the private sector’s response to the food crisis and promote sustainable food production.
