OCP Group and Fortescue Limited Join Forces for Renewable Energy Revolution
Key Ideas
- OCP Group and Fortescue Limited have signed a joint venture to supply green hydrogen, ammonia, and fertilisers to Morocco, Europe, and international markets, aiming at driving renewable energy and decarbonisation globally.
- The partnership includes the potential development of manufacturing facilities, a Research and Development hub, and the collaboration of corporate venture capital funds to advance renewable energy and green technology in Morocco.
- The goal of the partnership is to supply green hydrogen and ammonia for sustainable energy use and the production of carbon-neutral fertilizers to support global food security while combatting climate change.
OCP Group, a global leader in nutrition and phosphate-based fertilisers, and Fortescue Limited, a global green energy, metal, and technology conglomerate, have joined forces in a groundbreaking partnership focused on renewable energy and decarbonisation. The two companies signed a joint venture to supply green hydrogen, ammonia, and fertilisers to Morocco, Europe, and international markets. This strategic move aims to drive the development of cutting-edge facilities, competitive renewable energy products, and technology. The partnership includes plans for manufacturing facilities, a Research and Development hub, and the collaboration of corporate venture capital funds to advance the renewable energy industry in Morocco. OCP Group and Fortescue Limited share a common vision for the pivotal role of green hydrogen and ammonia in forging a sustainable future globally. The partners aim to supply green hydrogen and ammonia for sustainable energy use and in the production of carbon-neutral fertilizers to support global food security while combatting climate change.