Morocco Approves $32.5 Billion Green Hydrogen Projects to Boost Industry and Exports
Key Ideas
  • Six green hydrogen projects in Morocco receive government approval with a total investment of $32.5 billion, aiming to enhance the local industry and energy exports.
  • International investors like companies from the United States, Spain, Germany, the United Arab Emirates, Saudi Arabia, and China are participating in these projects.
  • A strategic approach includes allocating up to 30,000 hectares of land per project, ensuring resource optimization, and setting a regulatory framework to attract foreign investment.
  • Morocco leverages its renewable resources to become a key global player in green hydrogen production, expecting these projects to create jobs, boost local industries, and support export goals.
The Moroccan government has given the green light to six green hydrogen projects with a combined investment of 319 billion dirhams ($32.5 billion) to propel the local industry and strengthen energy exports. International and local companies are part of these ventures, focusing on ammonia production, industrial fuels, and green steel. Each project will receive land allocation of up to 30,000 hectares, with a broader plan earmarking 1 million hectares for green hydrogen development. Morocco's strategic goal is to utilize its abundant solar and wind resources to establish itself as a prominent global supplier of green hydrogen and its by-products. By attracting foreign capital, the projects are poised to generate employment opportunities, encourage domestic industry growth, and facilitate trade with Europe and other key markets.
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