Summary:

On 14 October 2026, Morocco’s OCP Group was reported to be seeking local and international investors for its new Mzinda fertilizer hub to offset rising sulfur costs and delays to the project. 

According to the reports, the company is also considering opening its chemicals business, OCP Speciality Products and Solutions, and its uranium-extraction subsidiary, Uranext, to outside investment. The move follows a first-half financial loss and a warning that dividend payments could be suspended this year. 

OCP is also seeking alternative sulfur suppliers and developing domestic recovery capacity to reduce its reliance on imports amid disruptions linked to the Iran war. 

Outlook: 

OCP’s search for outside capital reflects mounting pressure on Morocco’s phosphate industry from supply-chain disruptions, particularly its reliance on sulfur for fertilizer production. 

Bringing investors into Mzinda and other specialized businesses would allow OCP to share project costs without seeking additional equity from the Moroccan state. The strain on OCP also has wider implications for Morocco, given the company’s importance to the country’s export earnings and industrial investment. 

Its efforts to secure alternative supplies and recover sulfur domestically highlight the challenge of sustaining its expansion plans while remaining exposed to volatile international commodity markets. 

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