Green Hydrogen: OCP & Fortescue Energy join forces to supply Moroccan, European & International markets

Morocco’s state-owned OCP Group and Australian Fortescue Energy have announced a Joint Venture (JV) destined to supply green hydrogen, ammonia, and fertilizers to Morocco, Europe, and international markets.

The JV will also contribute to the development of manufacturing facilities and a R&D hub to advance renewable energy industry in Morocco.

Mostafa Terrab, CEO of OCP Group, said: “Our strategic partnership with Fortescue is a testimony to our joint commitment to decarbonization, driving the development of cutting-edge facilities and delivering competitive renewable energy, products and technology.”

“This is a key step towards fulfilling our vision of simultaneously ensuring global food security and combating climate change,” underlined Mr. Terrab.

Dr Andrew Forrest AO, Fortescue Executive Chair & Founder said his company 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.

“Together, we will be a key originator and green corridor into Europe and to and from the Atlantic basin,” he added, affirming that Morocco will be a major player in the global energy transition because it is home to some of the world’s most prospective wind and solar resources, two large coastlines, and is in close proximity to Europe and the Americas.

For his part, Fortescue Energy CEO, Mark Hutchinson said OCP and Fortescue are fully aligned on their ambitions. “We intend to create in Morocco one of the world’s leading integrated renewable energy, manufacturing, and technology enterprises, supplying not only a large and growing domestic market for green products, but also with the potential to supply other countries and continents,” stressed Mr. Hutchinson.

The Moroccan government is betting on green hydrogen to spearhead its sustainable energy transition. One million hectares of land have been earmarked in Morocco for green hydrogen projects.

Several national and foreign investors have already expressed interest. The North African Kingdom is planning to produce 52% of its energy from renewable sources by 2030, and the government has been heavily investing in infrastructure to meet this target.