- The OCP Group, a global leader in plant nutrition and phosphate-based fertilizers, and Fortescue Energy, part of global green energy, metals and technology company Fortescue Ltd (Fortescue), announced a landmark Joint Venture (JV) in Morocco.
- This equal partnership aims to supply green hydrogen, ammonia, and fertilizers to Morocco, Europe, and international markets.
- It includes the potential development of manufacturing facilities and an R&D hub to advance the rapidly growing renewable energy industry in Morocco.
Fortescue and OCP Group, leaders in iron ore and phosphate respectively, are united in their goal to reach their emissions reductions targets. They share a common vision for the pivotal role of green hydrogen and ammonia in forging a sustainable future globally.
The partners have laid out proposed plans for four cornerstone projects in Morocco:
- Large-scale integrated green ammonia and green fertilizer production capacity, including renewables, energy generation, electrolysis, ammonification and fertilizer production;
- Manufacturing of green technology and equipment;
- An R&D and Technology Hub, located alongside Mohammed VI Polytechnic University (UM6P) near Marrakech, to bolster the JV, the ecosystem and other players, with research in renewable energy, green hydrogen and minerals processing; and
- Collaboration of corporate venture capital funds to drive investment in key technology advancements.
The partners’ objective is to supply green hydrogen and ammonia for use both as sources of green energy and in the manufacture of carbon-neutral and customized fertilizers that are accessible and affordable for farmers around the world.
Author: Bryan Groenendaal
