Credit: Fortescue
More than two months after the announcement of the creation of a joint venture between the OCP Group and the Australian Fortescue of Andrew Forrest, in order to invest in green hydrogen in Morocco, things are accelerating: the file has just arrived at the Competition Council, we learn.
A notification was made to the institution headed by Ahmed Rahhou. We also learn that the phosphate group will seal its alliance with Fortescue, through its subsidiary OCP Green Energy. As first revealed by The DeskOCP Green Energy is led by Amine Houssaim, vice-president in charge of the green hydrogen component within Innov X.
For its part, the Australian group will use its British legal structure: Fortescue Future Industries United Kingdom Holdings Limited. The joint venture, active in the production of green energy, will more precisely aim to develop assets dedicated to the production of green energy, with particular emphasis on the production of green hydrogen and ammonia as well as than on green manures. The JV will also focus on upstream and downstream industrial development, as well as research and technological development activities.
As a reminder, four flagship projects have been identified to realize the partnership between the OCP group and Fortescue. The first is large-scale integrated production capacity of green ammonia and green manures, including renewable energy, power generation, electrolysis, ammonification and fertilizer production. The second is the manufacturing of green technology and equipment.
The third project takes the form of an R&D and Technology Hub, located near the Mohammed VI Polytechnic University (UM6P) near Marrakech, to strengthen the JV, the ecosystem and other actors, with research in renewable energies, green hydrogen and mineral processing. The fourth and final project is the collaboration of corporate venture capital funds to stimulate investment in key technological advances.
