{"id":85183,"date":"2024-07-04T00:00:00","date_gmt":"2024-07-04T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2024\/07\/04\/ebrd-extends-eur-13-6-mn-loan-to-green-moroccos-mining-sector\/"},"modified":"2024-07-04T00:00:00","modified_gmt":"2024-07-04T00:00:00","slug":"ebrd-extends-eur-13-6-mn-loan-to-green-moroccos-mining-sector","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2024\/07\/04\/ebrd-extends-eur-13-6-mn-loan-to-green-moroccos-mining-sector\/","title":{"rendered":"EBRD extends EUR 13.6 mn loan to green Morocco\u2019s mining sector"},"content":{"rendered":"

<\/strong>EBRD <\/strong>advances loan to boost energy transition in Morocco\u2019s mining sector:<\/strong> The European Bank for Reconstruction and Development (EBRD) is extending a MAD 150 m (EUR 13.6 mn) loan to Moroccan mining equipment manufacturer Procaneq<\/a> to boost energy efficiency in the kingdom\u2019s mining sector, according to a statement<\/a>. <\/p>\n

The details:<\/strong> The funding will enable Procaneq to acquire new, more energy-efficient equipment for phosphate ore extraction and transportation, reducing diesel consumption and lowering carbon emissions. The company works with Morocco\u2019s state-owned fertilizer giant OCP to provide mining subcontracting services.<\/span><\/p>\n

EBRD ? Morocco:<\/strong> EBRD approved a three-part 2024-2029 country strategy<\/a> for Morocco to increase the kingdom\u2019s renewable energy capacity, improve water conservation, and expand decarbonization initiatives through energy efficiency and climate resilience in April. The lender also signed an agreement<\/a> with Morocco\u2019s Energy Transition and Sustainable Development Ministry to help the country increase renewables projects, improve electric grid infrastructure, and create energy-efficiency networks. <\/p>\n

Morocco\u2019s mining sector is becoming greener: <\/strong>OCP \u2014 which is 90% owned by Morocco\u2019s government and operates the world\u2019s largest phosphate deposits \u2014 was looking to list its recently launched chemicals unit<\/a> OCP Nutricorps as part of the company\u2019s efforts to finance its decarbonization plans. OCP Nutricorps was launched<\/a> in April with a focus on customized phosphate-based and sustainably produced soil and plant nutrition products in a bid to strengthen food security.<\/p>\n","protected":false},"excerpt":{"rendered":"

The funding will enable Procaneq to acquire new, more energy-efficient equipment for phosphate ore extraction and transportation.<\/p>\n","protected":false},"author":1,"featured_media":85184,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[84],"tags":[83,390,11,45],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-85183","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-debt-watch","tag-debt-watch","tag-ebrd","tag-enterpriseclimate","tag-morocco","wpautop","entry"],"acf":{"mongo_id":"dff1eb34-4252-4033-a55b-fa4b08f21b36","order":"4","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/7\/350.jpg","photo_position":"above","homepage_title":"","full_issue_title":"EBRD extends EUR 13.6 mn loan to green Morocco\u2019s mining sector","related_issue":[85176],"teaser":"The funding will enable Procaneq to acquire new, more energy-efficient equipment for phosphate ore extraction and transportation.","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.c53cdd9f-1310-46ca-80e1-8f784d5c7c81.mp3"},"yoast_head":"\nEBRD extends EUR 13.6 mn loan to green Morocco\u2019s mining sector - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/climate\/2024\/07\/04\/ebrd-extends-eur-13-6-mn-loan-to-green-moroccos-mining-sector\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EBRD extends EUR 13.6 mn loan to green Morocco\u2019s mining sector\" \/>\n<meta property=\"og:description\" content=\"The funding will enable Procaneq to acquire new, more energy-efficient equipment for phosphate ore extraction and transportation.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/climate\/2024\/07\/04\/ebrd-extends-eur-13-6-mn-loan-to-green-moroccos-mining-sector\/\" \/>\n<meta property=\"og:site_name\" content=\"Climate\" \/>\n<meta property=\"article:published_time\" content=\"2024-07-04T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/350.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/07\/04\/ebrd-extends-eur-13-6-mn-loan-to-green-moroccos-mining-sector\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/07\/04\/ebrd-extends-eur-13-6-mn-loan-to-green-moroccos-mining-sector\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"EBRD extends EUR 13.6 mn loan to green Morocco\u2019s mining sector\",\"datePublished\":\"2024-07-04T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/07\/04\/ebrd-extends-eur-13-6-mn-loan-to-green-moroccos-mining-sector\/\"},\"wordCount\":237,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/07\/04\/ebrd-extends-eur-13-6-mn-loan-to-green-moroccos-mining-sector\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/350.jpg?fit=%2C&ssl=1\",\"keywords\":[\"DEBT WATCH\",\"EBRD\",\"EnterpriseClimate\",\"Morocco\"],\"articleSection\":[\"DEBT WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/07\/04\/ebrd-extends-eur-13-6-mn-loan-to-green-moroccos-mining-sector\/\",\"url\":\"https:\/\/enterpriseam.com\/climate\/2024\/07\/04\/ebrd-extends-eur-13-6-mn-loan-to-green-moroccos-mining-sector\/\",\"name\":\"EBRD extends EUR 13.6 mn loan to green Morocco\u2019s mining sector - 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