Fortescue Energy, headquartered in Australia, and OCP Group of Morocco have announced a 50/50 joint venture to produce green ammonia, hydrogen, and fertilizer products in Morocco that will serve Morocco, Europe, and other international markets.
The joint venture will encompass four projects that include integrated production of green fertilizer and ammonia from renewable energy sources and electrolysis, the manufacturing of green technology and equipment, and an R&D Hub located by the Mohammed VI Polytechnic University near Marrakesh.
Dr. Andrew Forrest, Fortescue Executive Chair and Founder, cited Morocco’s prospective wind and solar resources, large coastlines, and proximity to Europe and the Americas as why Morocco will be a major player in the energy transition.