Moroccan state-owned OCP Group and French power company Engie have collaborated to accelerate Moroccan company’s energy transition and contribute to Morocco’s energy transformation. This Joint Development Agreement signed is expected to be a major step towards launching several ambitious projects in green hydrogen and ammonia and other realms of renewable energy, storage, infrastructure and desalination.
As per the official statement, the two firms will also have a Research & Innovation (R&I) agenda focused on these areas.
The agreement was signed by Mostafa Terrab, Chairman and CEO of OCP Group, and Catherine MacGregor, CEO of ENGIE, as part of the French President’s State visit to Morocco.
OCP Group is a global leader in the phosphate industry and phosphate-based plant nutrition and fertilizer solutions and ENGIE is an international leader in energy transition.
The partnership primarily aims to co-develop and manage four large-scale industrial projects. These include developing renewable energy capacity, coupled with storage solutions to ensure flexibility within OCP Group’s energy network; creating on-site electrical infrastructure connected to these new renewable energy sources; developing green ammonia production capacity, alongside feasibility studies for other green hydrogen derivatives, such as e-methanol and e-SAF, among others;and developing water desalination capacity for agricultural use in regions where OCP Group operates.
This partnership between ENGIE and OCP addresses OCP Group’s energy and environmental challenges and aligns with its decarbonization strategy as well as Morocco’s ambitious energy transition goals.
Mostafa Terrab, Chairman and CEO of OCP Group, stated: “This partnership with ENGIE supports our commitment to sustainable growth, focused on energy innovation and decarbonization. Through this strategic alliance, we will continue to enhance OCP Group’s international competitiveness in renewable energy, contributing to a sustainable future for generations to come.”
Catherine MacGregor, CEO of ENGIE, added: “Together, we will drive the development of low-carbon energy solutions while strengthening Morocco’s industrial ecosystem. This collaboration will position our groups as key players in the decarbonization of Morocco and bolster ENGIE’s presence in the country.”
The JDA also envisions the potential creation of a joint venture between OCP Group and ENGIE.
A new study led by researchers from the Indian School of Business (ISB) has highlighted…
A new study by IPE Global has warned that the ongoing West Asia crisis could…
Spray Engineering Devices Ltd (SED) has announced to have secured approval for Rs 150 crore…
Hyderabad based plastic recycling pioneers Srichakra Polyplast has announced to have strengthened its recycling capabilities…
Delhi based Siyaram Recycling Industries Ltd has secured an export order valued at $426,000 from…
Researchers at IIT Madras have designed and developed an indigenous pilot plant capable of processing…