- The PtX Development Fund1 which funds hydrogen projects in developing and emerging economies has approved its second grant, and closed its first call for expressions of interest.
- HydroJeel, a business of INNOVX, will receive €30 million for the Jorf Hydrogen Platform, located in the coastal regions of the Kingdom of Morocco.
The PtX Development Fund,1 initiated by the BMZ and endowed with €270 million, is part of KfW’s PtX Platform for promoting hydrogen projects in the global South. It will provide the Jorf Hydrogen Platform with a €30 million non-refundable grant. The project exemplifies the objectives of the PtX Development Fund, reducing greenhouse gas (GHG) emissions and transitioning to clean energy production, contributing to the achievement of ambitious national and international climate goals. It will also improve cost structures and resilience by reducing Morocco’s dependence on fossil energy vectors. In addition, the project expects to see a scaling effect based on these outcomes.
Hydrojeel developed the Jorf Hydrogen Platform on behalf of the OCP Group. In its Jorf Industrial Park facility at the port of Jorf-El Jadida, it aims to produce 100,000 tons of green ammonia per year by the end of 2026. The project anticipates an annual reduction of around 300,000 teq of CO2 equivalent.
The industrial project will also support the local economy by creating reliable jobs, developing new value chains and initiating a technological cooperation with local research and educational institutes.
The project foresees wind and solar power from newly built plants to produce green hydrogen, which will then be transformed into green ammonia for use in fertiliser production.
OCP Group’s ambitious initiative targets ramping up production to reach in total one million tonnes of green ammonia by 2027 and three million by 2032. In the initial phase, OCP Group will offtake the entire output for green fertiliser production. This will allow Morocco to reduce its reliance on imported grey fertiliser and help it transition to a fully renewable energy base for domestic fertiliser production.
“The Jorf Hydrogen Platform project impresses with a solid concept from an innovative project developer. HydroJeel will use state-of-the-art methods and all the risks – from development to offtake – have been considerably minimised,” explains Thomas Engelmann, Managing Director of the PtX Development Fund and Head of Energy Transition at KGAL.
“The HydroJeel team prioritised the social and environmental impact of Jorf Hydrogen Platform and this convinced us that it was the right project to support,” adds KfW Principal Portfolio Manager Florian Ziegler.
Author: Bryan Groenendaal
