Home » OCP Group and Fortescue Energy sign JV in Morocco

OCP Group and Fortescue Energy sign JV in Morocco

by Madaline Dunn

OCP Group, a global provider of plant nutrition and phosphate-based fertilisers, and Fortescue Energy, part of global green energy, metals, and technology company Fortescue, have announced the signing of a Joint Venture (JV) in Morocco to supply green hydrogen, ammonia, and fertilisers to Morocco, Europe, and international markets.

According to Fortescue Energy, the JV includes the potential development of manufacturing facilities and an R&D hub to advance the renewable energy industry in Morocco.

Further, the two partners shared proposed plans for four cornerstone projects in the country, including: 

  • A large-scale integrated green ammonia and green fertiliser production capacity, including renewables, energy generation, electrolysis, ammonification and fertiliser production;
  • The manufacturing of green technology and equipment;
  • An R&D and Technology Hub, located alongside Mohammed VI Polytechnic University (UM6P) near Marrakech, with research in renewable energy, green hydrogen and minerals processing; and
  • Collaboration of corporate venture capital funds to drive investment in key technology advancements.

These proposed projects will also leverage INNOVX, a multi-sectoral venture platform dedicated to building innovative and sustainable businesses.

Commenting on the partnership, Mostafa Terrab, Chairman and CEO of OCP Group, said: “Our strategic partnership with Fortescue is a testimony to our joint commitment to decarbonisation, driving the development of cutting-edge facilities and delivering competitive renewable energy, products and technology.”

Dr Andrew Forrest AO, Fortescue Executive Chair and Founder, added: “Together, Fortescue and OCP will build a world-leading and globally competitive platform to accompany Morocco’s journey into green energy production, manufacturing, and industrial powerhouse. Together, we will be a key originator and green corridor into Europe and to and from the Atlantic basin.”

The venture is subject to customary closing conditions, including regulatory approvals.

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