Fortescue Forms Joint Venture with OCP Group for Green Energy Projects in Morocco

Fortescue Energy and OCP Group formed a joint venture to develop green energy projects in Morocco. This 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.

The joint venture's objective is to supply green hydrogen and ammonia for producing green energy and manufacture customized fertilizers that are accessible and affordable for farmers worldwide.The joint venture is planning to execute four key projects in Morocco:

• Large-scale integrated green hydrogen, ammonia, and green fertilizer production capacity.
• Manufacturing of green technology and equipment
• An R&D and Technology Hub, located alongside Mohammed VI Polytechnic University 
• Collaboration of corporate venture capital funds to drive investment in key technological advancements.

Dr. Andrew Forrest AO, Fortescue Executive Chair and Founder, said, “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.”

About Fortescue

Fortescue Metals Group, an Australian mining giant, is undergoing a major transformation. While still a leader in iron ore production, they're also aiming to become a key player in the global green energy revolution through large-scale green hydrogen projects across the world.

The company aims to produce a staggering 15 million metric tons of green hydrogen per year by 2030. They're executing green hydrogen projects in Australia, the United States, Morocco, and South America.

About OCP Group

The OCP Group, formerly known as Office Chérifien des Phosphates, is a Moroccan state-owned enterprise that has become a global leader in the phosphate industry. Founded in 1920, it boasts a rich history and plays a pivotal role in the global green ammonia market.

The company's operations extend beyond just mining phosphate rock.  OCP Group has expanded its footprint across the entire fertilizer value chain. They mine the rock, process it into phosphoric acid, and then manufacture a wide range of fertilizers tailored to specific agricultural needs. This vertical integration allows them to control quality and ensure efficient production.

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