Fortescue Energy and global supplier of plant nutrition and phosphate-based fertilizers OCP Group have announced a new partnership in Morocco.
The partnership aims to supply green hydrogen, ammonia, and fertilisers to Morocco, Europe, and international markets.
Fortescue said there is also scope to include the potential development of manufacturing facilities and a research and development hub to advance the rapidly growing renewable energy industry in Morocco.
“Together, Fortescue and OCP will build a world-leading and globally competitive platform to accompany Morocco’s journey into a green energy production, manufacturing, and industrial powerhouse,” Fortescue executive chair and founder Andrew Forrest said.
“Together, we will be a key originator and green corridor into Europe and to and from the Atlantic basin.
“Morocco will be a major player in the global energy transition given it is home to some of the world’s most prospective wind and solar resources, two large coastlines, and is in close proximity to Europe and the Americas.”
Fortescue Energy chief executive officer Mark Hutchinson welcomed the announcement, emphasising OCP and Fortescue are fully aligned in their ambitions.
“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,” he said.
“This is a very significant moment for Fortescue, OCP Group and Morocco as we help revolutionise the way we power our planet and diversify the world’s future energy security, while creating thousands of jobs and industries in Morocco.”
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