The OCP Group, a global leader in nutrition and phosphate-based fertilizers, today sealed a Joint Venture (JV) partnership with Fortesque Energy in a bold step aimed to supply green hydrogen, ammonia, and fertilizers to Morroco, Europe and international markets.
A statement from OCP Group says Fortescue Energy is part of Fortescue Limited (Fortecue), a global green energy, metal, and technology conglomerate.
The equal partnership between the two industrial giants includes the potential development of manufacturing facilities and a Research and Development (R&D) hub to advance the rapidly growing renewable energy industry in Morocco.
According to the statement, Fortescue and OCP Group, reputable leaders in iron ore and phosphate respectively, are united in their goal to reach their emissions reductions targets.
While reiterating that the partners share a common vision for the pivotal role of green hydrogen and ammonia in forging a sustainable future globally, it noted that the JV covers four proposed cornerstone projects in Morocco.
These are large-scale integrated green ammonia and green fertilizer production capacity, including renewables, energy generation, electrolysis, ammonification, and fertilizer production.
Others are 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.
Statement says the fourth cornerstone is collaboration of corporate venture capital funds to drive investment in key technology advancements.
It says 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.
Mostafa Terrab, Chairman and CEO of OCP Group, said: “Our strategic partnership with Fortescue is a testimony to our joint commitment to decarbonisation, driving the development of cutting-edge facilities and delivering competitive renewable energy, products and technology.
This is a key step towards fulfilling our vision of simultaneously ensuring global food security and combating climate change.