Recently, the Moroccan government council has approved a green hydrogen energy project, which aims to produce ammonia, steel, and industrial fuels, with a total value of 319 billion dirhams (32.5 billion US dollars). The Moroccan council has selected Ortus from the United States, Acciona from Spain, and Nordex (NDXG.DE) from Germany to produce green ammonia, but did not provide more details about the deadline or the source of funds. The projects for ammonia and fuel production by Taqa from the United Arab Emirates and Cepsa from Spain have also been approved, and the plan of Morocco's Nareva for ammonia, fuel, and steel production has been approved as well.

Morocco stated that once the preliminary agreements are signed, it will provide up to 30,000 hectares of land for each project. It is hoped that green hydrogen (produced by electrolyzing water using renewable energy sources) can help it achieve its domestic energy goals and boost exports to the European Union. Previously, the European Union announced a green deal to reduce carbon emissions, calling for the import of 10 million tons of renewable hydrogen by 2030.

Last March, Morocco said that in the first phase, 300,000 hectares of land would be allocated for the integrated project, covering renewable energy power generation, electrolysis, the conversion of green hydrogen into ammonia, methanol, and synthetic fuels. In October, TotalEnergies (TTEF.PA) of France signed an agreement with the government to develop green hydrogen, while Engie (ENGIE.PA) reached an agreement with Morocco's phosphate and fertilizer giant OCP to produce ammonia using green hydrogen. Morocco aims to increase the proportion of renewable energy in installed capacity from the current 45% to 52% by 2030.  (This article is from the official website of Seetao.com, www.seetao.com. No reprinting is allowed without permission. Otherwise, legal liability will be pursued. If reprinting, please indicate Seetao.com + the original text link.) Editor of the Strategic Column of Seetao.com / Yin Shiqian