Germany's PtX Development Fund Supports Moroccan Hydrogen Project with €30 Million Grant
Key Ideas
- The PtX Development Fund, managed by KfW and KGAL, has granted €30 million to HydroJeel's Jorf Hydrogen Platform in Morocco to promote clean energy production and reduce greenhouse gas emissions.
- The project aims to produce 100,000 tons of green ammonia annually by 2026, leading to an expected reduction of around 300,000 teq of CO2 equivalent per year.
- In addition to environmental benefits, the project will have a significant local impact by creating jobs, establishing new value chains, and fostering technological cooperation with local institutions.
- The PtX Development Fund, part of KfW's efforts to support hydrogen projects globally, reflects Germany's commitment to achieving ambitious climate goals and transitioning towards sustainable energy sources.
The PtX Development Fund, managed by KfW and KGAL, has allocated a €30 million grant to HydroJeel for the Jorf Hydrogen Platform in Morocco. This initiative aims to promote hydrogen projects in developing and emerging economies, with a focus on reducing greenhouse gas emissions and transitioning to clean energy sources. The project is expected to produce 100,000 tons of green ammonia annually by 2026, which will help in reducing around 300,000 teq of CO2 equivalent per year. Additionally, the project will contribute to improving cost structures and resilience in Morocco by decreasing the country's reliance on fossil fuels.
The grant agreement was signed in the presence of various dignitaries, including the Ambassador of Germany in Morocco and the State Secretary of the German Federal Ministry of Economic Cooperation and Development. The project's local impact is highlighted through the creation of jobs, development of new value chains, and the establishment of technological collaborations with local research and educational institutions. This endeavor not only aligns with ambitious national and international climate goals but also showcases Germany's commitment to supporting sustainable energy projects worldwide.