OCP Group and Fortescue Energy, two global industry leaders in plant nutrition and green energy, have joined forces in a groundbreaking Joint Venture (JV) in Morocco. This partnership, with equal participation from both companies, aims to provide green hydrogen, ammonia, and fertilizers to Morocco, Europe, and international markets. The collaboration also includes plans for the development of manufacturing facilities and an R&D hub to drive innovation in the renewable energy sector in Morocco.
The proposed projects under this JV include large-scale integrated green ammonia and green fertilizer production capacity, manufacturing of green technology and equipment, an R&D and Technology Hub near Marrakech, and collaboration on corporate venture capital funds to drive investment in key technology advancements. The ultimate goal of these projects is to supply green hydrogen and ammonia for use as sources of green energy and in the production of carbon-neutral fertilizers that are accessible and affordable for farmers worldwide.
Both Mostafa Terrab, Chairman and CEO of OCP Group, and Dr. Andrew Forrest AO, Fortescue Executive Chair and Founder, expressed their commitment to decarbonization and the development of cutting-edge facilities to combat climate change and ensure global food security. Mark Hutchinson, Fortescue Energy CEO, highlighted the alignment of ambitions between OCP and Fortescue in creating a leading integrated renewable energy, manufacturing, and technology enterprise in Morocco.
The partnership also involves leveraging the expertise of INNOVX, a venture platform dedicated to building innovative and sustainable businesses with a local impact. This collaboration marks a significant step towards making Morocco a green energy production and industrial powerhouse, with long-term benefits for the country.
OCP Group, with over a century of expertise in plant nutrition solutions and phosphate-based fertilizers, is leading the way in sustainable development with a green investment strategy aimed at achieving full carbon neutrality by 2040. Fortescue, on the other hand, is focused on becoming the number 1 integrated green energy, metals, and technology company, with a commitment to producing green hydrogen and green ammonia to help decarbonize heavy industries globally.
This partnership between OCP Group and Fortescue Energy signifies a major milestone in the global effort to revolutionize the way we power our planet and create a sustainable future for generations to come. With a shared vision for a greener and more sustainable world, these two industry giants are set to make a significant impact on the renewable energy sector in Morocco and beyond.
