Morocco Approves $32.5 Billion Green Hydrogen Initiative
Morocco has approved six green hydrogen projects worth $32.5 billion, involving national and international companies to produce ammonia, industrial fuels, and steel. Key players include Ortus, Acciona, Nordex, and Nareva. Each project can access significant land, with expectations to enhance domestic energy goals and exports to the EU. Investors are welcomed to participate in this initiative.
The Moroccan government has approved six green hydrogen projects valued at $32.5 billion, aiming to produce ammonia, industrial fuels, and steel. These initiatives involve collaboration between national and international firms, including American Ortus, Spanish Acciona, and German Nordex, focusing on green ammonia production. Additionally, Morocco’s Nareva intends to produce ammonia, industrial fuel, and green steel, while Acwa Power from Saudi Arabia will focus on steel production.
Each selected project will have access to up to 30,000 hectares of land following the signing of preliminary agreements. However, the government has yet to disclose detailed information about project timelines and funding sources. The Moroccan authorities are optimistic that green hydrogen will contribute to domestic energy objectives and enhance export capabilities to the EU.
Investors are still invited to participate in the project selection process under this initiative. According to recent reports, Sweden’s Hybrit has completed a pilot project demonstrating the feasibility of hydrogen storage for sustainable metallurgical production, showcasing advancements in the field of green hydrogen technology.
In summary, Morocco’s significant investment in green hydrogen projects demonstrates its commitment to sustainable energy objectives and bolstering its economic ties with the EU. The collaboration among various international firms signals a collective effort towards innovative energy solutions. The ongoing openness to investors suggests continued development in this promising sector.
Original Source: gmk.center
