The Moroccan government has approved six green hydrogen projects totaling $32.5 billion, involving international firms for producing green ammonia and steel. Each project will receive significant land allocations, supporting Morocco’s energy goals and EU export ambitions with an open selection process for additional investors.
The Moroccan government has approved six green hydrogen projects, collaborating with both national and international companies, with a total valuation of $32.5 billion. According to The North Africa Post, these projects aim to produce green ammonia, industrial fuels, and steel. Companies involved include the American firm Ortus, Spain’s Acciona, and Germany’s Nordex, alongside Morocco’s Nareva, and Saudi Arabia’s Acwa Power.
Each project will be allocated up to 30,000 hectares of land following a preliminary agreement. However, specifics regarding project timelines and funding sources remain undisclosed by the government. The Moroccan authorities anticipate that these green hydrogen projects will contribute significantly to their domestic energy objectives and bolster exports to the European Union.
Additionally, the selection process for these projects is ongoing and remains open to potential investors. In related developments, the Swedish joint venture Hybrit has completed a pilot hydrogen storage project, demonstrating the feasibility of hydrogen storage for fossil-free metallurgical production on an industrial scale, as indicated by the Swedish Energy Agency.
Morocco’s initiative to establish green hydrogen projects worth $32.5 billion reflects a strategic move towards sustainable energy production and export enhancement. Engaging both national and international players, the government hopes these projects will facilitate energy goals while also revitalizing the economy through industrial advancements.
Original Source: gmk.center
