- Morocco has selected five national and international investors were selected to carry out six projects across the three southern regions of the Kingdom, with a total investment of 319 billion dirhams (US$33 billion).
The investor consortium “ORNX” comprises the American company “Ortus,” the Spanish company “Acciona,” and the German company “Nordex,” which will invest in ammonia production. Another consortium, consisting of the Emirati company “Taqa” and the Spanish company “Cepsa,” will focus on ammonia and industrial fuel production. Additionally, the Moroccan company “Nareva” will invest in ammonia, industrial fuel, and green steel production. The Saudi company “ACWA Power” will also produce green steel, while a consortium of Chinese companies, “UEG” and “China Three Gorges,” is set to produce ammonia.
During the meeting, the Head of Government emphasized that the government has established a positive dynamic based on precision and rigor in implementing the “Morocco Offer” for green hydrogen. The objective is to maximize the country’s advantages in this sector and meet the expectations of global investors in this promising industry.
These six projects add to the two projects planned under agreements signed before His Majesty King Mohammed VI and French President Emmanuel Macron in October 2024 in Rabat. The first agreement concerns the implementation of the “Morocco Offer” for developing the green hydrogen sector and links the Kingdom of Morocco with the “TotalEnergies” group. The second agreement, a joint development initiative between the OCP Group (Office Chérifien des Phosphates) and the company “ENGIE,” includes five projects, one of which focuses on the green hydrogen sector.
It is worth noting that the project selection process under the “Morocco Offer” for green hydrogen remains open to investors.
Author: Bryan Groenendaal
