November 06, 2024 [Fuel Cells Work]- OCP Group and ENGIE have signed a strategic partnership aimed at accelerating OCP Group’s energy transition and contributing actively to Morocco’s energy transformation. This Joint Development Agreement (“JDA”) is a major step towards launching several ambitious projects in renewable energy, energy storage, green hydrogen and ammonia, power infrastructure and sustainable desalination, alongside a Research & Innovation (R&I) agenda focused on these areas.
The strategic partnership signing took place on October 28 in Rabat, in the presence of His Majesty King Mohammed VI and the President of the French Republic, Emmanuel Macron. The agreement was signed by Mostafa Terrab, Chairman and CEO of OCP Group, and Catherine MacGregor, CEO of ENGIE, as part of the French President’s State visit to Morocco.
Four industrial projects and an R&I agenda aligned with OCP Group’s decarbonization strategy:
The JDA primarily aims to co-develop and manage four large-scale industrial projects:
- Developing renewable energy capacity, coupled with storage solutions to ensure flexibility within OCP Group’s energy network;
- Creating on-site electrical infrastructure connected to these new renewable energy sources;
- Developing green ammonia production capacity, alongside feasibility studies for other green hydrogen derivatives, such as e-methanol and e-SAF, among others;
- And developing water desalination capacity for agricultural use in regions where OCP Group operates.
The agreement also includes deploying a research and innovation agenda to strengthen the competitiveness of this collaboration and foster innovative opportunities.
This partnership between ENGIE and OCP addresses OCP Group’s energy and environmental challenges and aligns with its decarbonization strategy as well as Morocco’s ambitious energy transition goals.
A strategic partnership for a sustainable future
OCP Group, a global leader in the phosphate industry and phosphate-based plant nutrition and fertilizer solutions, and ENGIE, an international leader in energy transition, are joining forces to create a unique industrial platform dedicated to energy transition. This platform will strengthen the local industrial ecosystem, generating national economic and technological opportunities and creating potential job opportunities.
Mostafa Terrab, Chairman and CEO of OCP Group, stated: “This partnership with ENGIE supports our commitment to sustainable growth, focused on energy innovation and decarbonization. Through this strategic alliance, we will continue to enhance OCP Group’s international competitiveness in renewable energy, contributing to a sustainable future for generations to come.”
Catherine MacGregor, CEO of ENGIE, added: “This partnership with OCP Group reflects a shared vision of energy transition, with an integrated and diversified approach to technological solutions. Together, we will drive the development of low-carbon energy solutions while strengthening Morocco’s industrial ecosystem. This collaboration will position our groups as key players in the decarbonization of Morocco and bolster ENGIE’s presence in the country.”
The JDA also envisions the potential creation of a joint venture between OCP Group and ENGIE.
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