A joint venture between Australian-based Fortescue Energy and state-owned OCP Group of Morocco has been approved by Morocco’s Competition Council. The 50-50 joint venture was announced in April and is expected to produce green ammonia, hydrogen, and fertilizer products in Morocco that will serve Morocco, Europe, and other international markets (GM April 12, p. 25).
The joint venture is part of OCP Group’s $13 billion Green Investment Program. It is expected to 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 near Mohammed VI Polytechnic University in Marrakesh.