OCP CEO Mostafa Terrab and Fortescue chairperson Andrew Forrest
Fortescue Energy, part of Australian iron-ore major Fortescue, on Tuesday unveiled a joint venture with Morocco-headquartered plant nutrition and phosphate-based fertiliser supplier OCP Group.
The equal partnership aims to supply green hydrogen, ammonia and fertilisers to Morocco, Europe and international markets. It also includes the potential development of manufacturing facilities and a research and development hub to advance the renewable energy industry in Morocco.
“Morocco will be a major player in the global energy transition given it is home to some of the world’s most prospective wind and solar resources, two large coastlines, and is in close proximity to Europe and the Americas.
"We are proud to partner with OCP, a global industrial leader, with a shared ambitious commitment to invest in renewable energy, products and technology to reduce global emissions,” commented Fortescue executive chairperson and founder Andrew Forrest.
These proposed projects will also leverage the expertise of INNOVX, a multi-sectoral venture platform that is dedicated to building innovative and sustainable businesses, and contributing to creating emerging ecosystems with a strong local impact.