Morocco has approved $32.5 billion for six green hydrogen projects involving national and international firms to produce ammonia, industrial fuels, and steel. The government will provide 30,000 hectares for these projects, which aim to bolster domestic energy goals and exports to the EU, though specific financial details remain undisclosed.
The Moroccan government has approved green hydrogen initiatives totaling $32.5 billion, comprising six selected projects from both national and international firms. This information was disclosed by The North Africa Post. These projects aim to produce ammonia, industrial fuels, and green steel.
Among the notable participants are the American company Ortus, the Spanish firm Acciona, and the German company Nordex, collaborating on green ammonia production. Additionally, Morocco’s Nareva aims to produce ammonia, industrial fuel, and green steel, while Saudi Arabia’s Acwa Power focuses on steel production.
Upon signing preliminary agreements, the Moroccan government intends to allocate up to 30,000 hectares of land for each project. However, details regarding the schedule and financing for these initiatives remain undisclosed. The authorities express optimism that green hydrogen will assist in meeting domestic energy objectives and enhancing exports to the European Union.
The project selection process continues to be available for investors looking to engage in this burgeoning sector. Reports from GMK Center highlighted that Sweden’s Hybrit, consisting of SSAB, LKAB, and Vattenfall, successfully executed a pilot hydrogen storage project, affirming the technology’s viability for fossil-free metallurgical production on an industrial scale.
In conclusion, Morocco’s commitment to green hydrogen projects represents a significant investment aimed at enhancing its energy landscape and export capacity. With a total of $32.5 billion allocated for six distinct projects, the collaboration among international and national firms showcases Morocco’s ambition in the renewable energy sector. The ongoing openness for investor participation could further bolster the country’s green initiatives, contributing to environmental and economic benefits.
Original Source: gmk.center
