Wedoany.com Report-Feb 18, Germany has invested $32 million (€30 million) in Morocco's green hydrogen production through the OCP Group's plant in Jorf. This investment is being made through the German PtX Development Fund, which aims to support sustainable fertilizer manufacturing and accelerate industrial decarbonization. The PtX Development Fund is managed by KGAL Investment Management on behalf of KfW and has a budget of €270 million.
The investment will support Hydrojeel, a subsidiary of the OCP Group, in producing green hydrogen powered by solar and wind energy. This hydrogen will be converted into ammonia, which is essential for fertilizers and the chemical industry. The Jorf Hydrogen Platform aims to produce 100,000 tons of green ammonia annually by 2026, potentially preventing 300,000 tons of CO₂ emissions.
This initiative is part of the OCP Group's broader "Green Ammonia Program," which aims to make fertilizer production more sustainable and reduce reliance on fossil-based ammonia imports. By 2027, the program targets the production of 1 million tons of green ammonia, and by 2032, it aims to produce 3 million tons, which is nearly 2% of the global ammonia demand.
Germany's investment is a key component of the German-Moroccan Climate and Energy Alliance and represents a major step in the industrialization of green hydrogen production. Morocco was chosen for this investment due to its ideal geographic conditions for renewable energy, its strong potential in green hydrogen, and its ambitious and transparent economic strategies regarding hydrogen.
Beyond financial support, Germany is also providing Morocco with expertise on hydrogen strategies, economic policy frameworks, and research and training in Power-to-X (PtX) technologies. This grant is expected to help Morocco build a sustainable industry, reduce dependence on fossil fuels, and open new opportunities for trade and technology exports.
The agreement was officially signed this week by the CEO of HydroJeel and INNOVX, and the managing director of the PtX Development Fund, in the presence of the Ambassador of Germany to Morocco and the Director of KfW Morocco.
