OCP Group, a fertiliser manufacturing company, and Fortescue Energy, an international energy company, have teamed up to establish a joint venture in Morocco. This venture will supply green hydrogen, ammonia, and fertilisers to Morocco, European, and global markets.
The joint venture involves establishing manufacturing facilities and an R&D hub to propel Morocco’s renewable energy sector forward. Its goal is to provide green hydrogen and ammonia for sustainable energy sources, as well as carbon-neutral fertilisers for farmers globally. Top of Form
Fortescue Energy CEO Mark Hutchinson stated, “We intend to create in Morocco one of the world’s leading integrated renewable energy, manufacturing, and technology enterprises, supplying not only a large and growing domestic market for green products but also with the potential to supply other countries and continents.”
The proposed plans include four key projects: large-scale integrated green ammonia and fertiliser production; manufacturing of green technology and equipment; establishing an R&D and Technology Hub near Marrakech focusing on renewable energy and green hydrogen research; and collaboration with corporate venture capital funds to support critical technology advancements.
Mostafa Terrab, Chairman and CEO of OCP Group, underlined, “Our strategic collaboration with Fortescue demonstrates our shared dedication to decarbonization.” We are advancing state-of-the-art facilities and offering competitive renewable energy, products, and technology.”
