OCP and Fortescue to develop green hydrogen and ammonia in Morocco

Friday, 19 April, 2024

OCP and Fortescue to develop green hydrogen and ammonia in Morocco

OCP Group, a manufacturer of plant nutrition and phosphate-based fertilisers, and Fortescue Energy have announced a joint venture in Morocco. The partnership aims to supply green hydrogen, ammonia and fertilisers to Morocco, Europe and international markets. It includes the potential development of manufacturing facilities and an R&D hub to advance the rapidly growing renewable energy industry in Morocco.

Fortescue and OCP Group said they are united in their goal to reach their emissions reductions targets and share a common vision for the pivotal role of green hydrogen and ammonia in forging a sustainable future globally.

The partners have laid out proposed plans for four cornerstone projects in Morocco:

  1. Large-scale integrated green ammonia and green fertiliser production capacity, including renewables, energy generation, electrolysis, ammonification and fertiliser production.
  2. Manufacturing of green technology and equipment.
  3. An R&D and Technology Hub, located alongside Mohammed VI Polytechnic University (UM6P) near Marrakech, to bolster the joint venture, the ecosystem and other players, with research in renewable energy, green hydrogen and minerals processing.
  4. Collaboration of corporate venture capital funds to drive investment in key technology advancements.

The partners’ objective is to supply green hydrogen and ammonia for use both as sources of green energy and in the manufacture of carbon-neutral and customised fertilisers that are accessible and affordable for farmers around the world.

“Our strategic partnership with Fortescue is a testimony to our joint commitment to decarbonisation, driving the development of cutting-edge facilities and delivering competitive renewable energy, products and technology,” said Mostafa Terrab, Chairman and CEO of OCP Group. “This is a key step towards fulfilling our vision of simultaneously ensuring global food security and combating climate change.”

“Together, Fortescue and OCP will build a world-leading and globally competitive platform to accompany Morocco’s journey into a green energy production, manufacturing and industrial powerhouse,” said Andrew Forrest, Fortescue Executive Chairman. “Together, we will be a key originator and green corridor into Europe and to and from the Atlantic basin.

“We are proud to partner with OCP, a global industrial leader, with a shared ambitious commitment to invest in renewable energy, products and technology to reduce global emissions.”

Related News

Ampcontrol and Siemens partner on renewable energy solutions

Under the agreement, Ampcontrol will become the exclusive Australian supplier for solutions...

Amp Energy finalises agreements for SA Advanced Fuels Precinct

Amp Energy has been in discussions for two years to develop the Cape Hardy Advanced Fuels...

'Green iron' project in Gladstone gets sponsorship

Investment manager Quinbrook has partnered with Central Queensland Metals to develop the Eulogie...

  • All content Copyright © 2024 Westwick-Farrow Pty Ltd