# Morocco's OCP plans $7 billion green ammonia plant to avert supply problems | Reuters

> Moroccan state-owned OCP plans a $7 billion green ammonia plant to secure supply. The company spends heavily on ammonia imports, which rose in price after the war in Ukraine.

- Date: 2023-06-20 · published 2023-06-20T12:00:00.000Z
- Category: macro · region Morocco · magnitude low
- Page: https://feedsoft.ai/events/35822-morocco-s-ocp-plans-7-billion-green-ammonia-plant-to-avert-supply-problems
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md), [DAP](https://feedsoft.ai/c/DAP.md)

## Why it matters

The project targets future ammonia input security for phosphate production, with little immediate effect on fertilizer prices, so the price implication is minor for feed buyers.

## Read by commodity

- DAP: neutral
- UREA: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2020-10-06 | [Lower gas prices to benefit urea producers, reduce subsidy needs: Icra, ETEnergyworld](https://feedsoft.ai/events/50947-lower-gas-prices-to-benefit-urea-producers-reduce-subsidy-needs-icra.md) | -0.7% | +2.7% |
| UREA | 2020-04-14 | [Fertilizer Supply Chains Hold Steady, But No Guarantees - AgriBusiness Global](https://feedsoft.ai/events/53565-fertilizer-supply-chains-hold-steady-but-no-guarantees-agribusiness-global.md) | -0.3% | -20.2% |
| UREA | 2023-04-04 | [The Russia-Ukraine War’s Impact on Fertilizer Prices in 2022](https://feedsoft.ai/events/36330-the-russia-ukraine-war-s-impact-on-fertilizer-prices-in-2022.md) | +12.8% | +20.8% |
| UREA | 2020-06-25 | [Global gas prices teeter above record lows on virus optimism, weather – The Energy Bulletin Daily](https://feedsoft.ai/events/9803-global-gas-prices-teeter-above-record-lows-on-virus-optimism-weather-the-energy.md) | +3.4% | +7.3% |
| UREA | 2023-02-16 | [Softening fertilizer prices "a bit of a gift" - Brownfield Ag News](https://feedsoft.ai/events/37644-softening-fertilizer-prices-a-bit-of-a-gift-brownfield-ag-news.md) | +0.1% | -3.1% |
| DAP | 2026-04-16 | [Moroccan fertilisers maker OCP raises $1.5 billion in hybrid bond \| Reuters](https://feedsoft.ai/events/20025-moroccan-fertilisers-maker-ocp-raises-1-5-billion-in-hybrid-bond-reuters.md) | -0.7% | +3.8% |
| DAP | 2020-04-14 | [Fertilizer Supply Chains Hold Steady, But No Guarantees - AgriBusiness Global](https://feedsoft.ai/events/53565-fertilizer-supply-chains-hold-steady-but-no-guarantees-agribusiness-global.md) | 0.0% | -6.4% |
| DAP | 2023-04-04 | [The Russia-Ukraine War’s Impact on Fertilizer Prices in 2022](https://feedsoft.ai/events/36330-the-russia-ukraine-war-s-impact-on-fertilizer-prices-in-2022.md) | +7.8% | -3.5% |

## Sources

- reuters.com: https://www.reuters.com/sustainability/climate-energy/moroccos-ocp-plans-7-mln-green-ammonia-plant-avert-supply-problems-2023-06-20/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.