Fortescue and Jan De Nul Partner to Connect North Africa to Europe with Green Energy
Key Ideas
  • Fortescue and Jan De Nul collaborate to provide shipping and subsea cable laying services connecting high energy production regions in North Africa to high energy consumption areas in Europe.
  • The partnership aims to deliver green electrons, supporting the electrification transition and offering alternatives to carbon-emitting fossil fuels.
  • The joint venture between Fortescue and OCP seeks to supply green hydrogen, ammonia, and fertilizers to Morocco, Europe, and other global markets, fostering growth in the renewable energy industry.
  • The initiative is expected to bring significant benefits in terms of employment, economic growth, and providing consumers with green energy choices in both North Africa and Europe.
Fortescue, a technology and energy company, has joined forces with Belgian offshore installation services company Jan De Nul to provide shipping and subsea cable laying services that will connect North Africa with Europe. The collaboration aims to bridge high energy production regions in North Africa with high energy consumption areas in Europe, facilitating the delivery of green electrons to support the electrification transition. The partnership underscores a commitment to offering sustainable alternatives to carbon-emitting fossil fuels. Additionally, the agreement builds upon a significant joint venture agreement between Fortescue and OCP to supply green hydrogen, ammonia, and fertilizers to Morocco, Europe, and international markets. This partnership also involves exploring the potential establishment of manufacturing facilities and a research and development hub to advance the renewable energy sector in Morocco. Both companies emphasize the importance of reducing total energy needs worldwide through the efficient transport and consumption of green electrons. The collaboration is viewed as a pivotal opportunity to address the current lack of cable laying capability hindering the connection between Morocco and Europe. Andrew Forrest AO, Fortescue's founder and Executive Chairman, highlights the potential benefits of this partnership in terms of employment, economic growth, and providing consumers with environmentally friendly energy choices. Jan Pieter De Nul, the Executive Chairman of Jan De Nul Group, expresses readiness to contribute to the energy transition with their expertise, skilled workforce, and advanced construction vessels. The OCP Fortescue Joint Venture is subject to standard closing conditions, including regulatory approvals, signaling a step towards a greener and more interconnected energy future.
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