Morocco approves green hydrogen projects worth $32.5 billion

The government has selected six projects from national and international companies

The Moroccan government has selected six projects from national and international companies to launch green hydrogen projects for the production of ammonia, industrial fuels, and steel with a total investment value of $32.5 billion. This is reported by The North Africa Post.

For example, the American Ortus, Spanish Acciona, and German Nordex will team up to produce green ammonia. Morocco’s Nareva has applied to produce ammonia, industrial fuel, and green steel, while Acwa Power (Saudi Arabia) plans to produce steel.

The country will offer each project up to 30 thousand hectares of land after signing a preliminary agreement. The government has not yet provided additional details on the timing and sources of funding for these projects.

The Moroccan authorities hope that green hydrogen will help achieve their domestic energy goals as well as increase exports to the EU. The procedure for selecting projects under this initiative remains open to investors.

As GMK Center reported earlier, Sweden’s Hybrit, a joint venture between steelmaker SSAB, mining company LKAB, and energy company Vattenfall, has completed a pilot hydrogen storage project, which was reported to the Swedish Energy Agency. According to the company, the results show the technical feasibility of storing hydrogen for fossil-free metallurgical production on an industrial scale.