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Morocco approves green hydrogen projects worth USD 32.5 billion

Morocco approves green hydrogen projects worth USD 32.5 billion.

Morocco approves green hydrogen projects worth USD 32.5 billion

A Moroccan government committee approved green hydrogen projects, aimed at producing ammonia, steel, and industrial fuels, with a total value of 319 billion dirhams (equivalent to USD 32.5 billion). The Prime Minister's office announced in a statement that the Moroccan committee selected American companies Ortus, Spanish company Acciona, and German company Nordex for green ammonia production.

Additionally, a project from UAE’s Taqa and Spain's Cepsa for ammonia and fuel production was also approved. Moreover, a program from Morocco's Nareva company for the production of ammonia, fuel, and steel was approved. According to the committee, Saudi company Acwa Power plans to produce steel, and Chinese companies UEG and China Three Gorges will jointly collaborate on ammonia production.

Morocco is set to allocate up to 30,000 hectares of land for each project after the signing of preliminary agreements. The government hopes that green hydrogen—produced through water electrolysis using renewable energy—will help achieve domestic energy goals and increase exports to the European Union. The EU, under its "Green Deal," aims to import 10 million tons of renewable hydrogen by 2030 as part of its carbon reduction efforts.

In March last year, Morocco announced that in the first phase, 300,000 hectares would be allocated for integrated projects, including renewable energy power generation, electrolysis, and the conversion of green hydrogen into ammonia, methanol, and synthetic fuels.

French company TotalEnergies signed an agreement with the Moroccan government in October to develop green hydrogen, while Engie also reached an agreement with Moroccan phosphate and fertilizer giant OCP to produce ammonia from green hydrogen.

Morocco aims to increase the share of renewable energy in installed capacity to 52% by 2030, up from the current 45%.

 

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