Fertilizer manufacturing company OCP Group and international energy company Fortescue Energy formed a Morocco-based joint venture to provide green hydrogen, ammonia and fertilizers to Morocco, Europe and global markets.
The joint venture involves establishing manufacturing facilities and an R&D hub to propel Morocco’s renewable energy sector forward. Its goal is to provide green hydrogen and ammonia for sustainable energy sources, as well as carbon-neutral fertilizers for farmers globally.Top of Form
Fortescue Energy CEO, Mark Hutchinson, stated, “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.”
The proposed plans include four key projects: large-scale integrated green ammonia and fertilizer production, manufacturing of green technology and equipment, establishing an R&D and Technology Hub near Marrakech focusing on renewable energy and green hydrogen research, and collaboration with corporate venture capital funds to support critical technology advancements.
Mostafa Terrab, Chairman and CEO of OCP Group, emphasized, “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.”
