A significant deal was struck between Morocco's OCP and French energy company Engie in Rabat, potentially paving the way for investments totaling up to 17 billion euros in the North African Kingdom. The partnership aims to focus on various projects such as renewable energy production, green ammonia production, infrastructure development, and water desalination. Engie plans to carry out feasibility studies for green hydrogen, e-methanol, and sustainable aviation fuel production as part of the agreement. The projects are scheduled to commence in different phases, with the renewable energy project expected to materialize in 2026, followed by desalination and green hydrogen projects in 2028 and 2032, respectively. The companies are committed to maintaining profitability in their ventures and are targeting a final investment decision in 2026 for the renewable power and flexible storage projects. OCP, on the other hand, has ambitious plans to invest $13 billion by 2027 to enhance its renewable energy capabilities for industrial processes and desalinated water, with the ultimate goal of achieving full carbon neutrality by 2040.