TotalEnergies: Renewables & Green Hydrogen: TE H2, CIP, and A.P. Moller Capital Partner for a Large-Scale Project in the Kingdom of Morocco
10.29.2024 By Tank Terminals - NEWS

October 29, 2024 [BusinessWire]- Under the presidency of His Majesty King Mohammed VI of Morocco and His Excellency Emmanuel Macron, President of the French Republic, the government of the Kingdom of Morocco and TE H2, along with its partners, signed a Preliminary Contract for Land Reservation for the ‘Chbika’ project.

 

This agreement will allow TE H2, a joint venture between TotalEnergies and the EREN Group, together with the two Danish companies, Copenhagen Infrastructure Partners (CIP), through its Energy Transition Fund, and A.P. Moller Capital, through its Emerging Markets Infrastructure Fund, to launch the pre-FEED studies.

Located near the Atlantic coast in the Guelmim-Oued Noun region, the ‘Chbika’ project aims to build 1 GW of onshore solar and wind capacities that will power the production of green hydrogen through the electrolysis of desalinated seawater and its transformation into 200,000 tons per year of green ammonia for the European market. This project will constitute the first phase of a development program aimed at creating a world-scale green hydrogen production hub.

TE H2 and CIP will be responsible for the development of renewable energy production (solar, wind, green hydrogen, and its derivatives), while A.P. Moller Capital will develop the port and associated infrastructure. This contract, a first in Morocco, will highlight the country’s exceptional renewable potential and contribute to the economic development of the Kingdom.

Patrick Pouyanne, Chairman and CEO of TotalEnergies,stated: “I would like to thank the Moroccan authorities for awarding the ‘Chbika’ project and for the trust they have shown in our subsidiary TE H2 and our partners. This agreement is part of our strategy to develop production in countries with the most competitive renewable resources, such as Morocco. Thanks to its geographical proximity and the quality of its wind and solar resources, Morocco indeed has the best assets to become a major partner for Europe in achieving the goals of the Green Deal, and TotalEnergies aims to contribute to this ambition.”

David Corchia, CEO of TE H2, added: “The signing of this Preliminary Contract for Land Reservation is a decisive first step for the launch of our investment program in Morocco. It demonstrates our commitment to developing green hydrogen initiatives that support the country’s energy transition, industrialization and job creation. The Kingdom has the potential to supply affordable and clean energy to Europe while serving its own decarbonized industrial development. Our consortium is strong, our overall Moroccan plan is very ambitious, and I look forward to reinforcing further our collaboration with local authorities and stakeholders and pursuing the work on this promising project.”

Philip Christiani, partner at CIP, commented: “Morocco stands at the forefront of the global energy transition equipped with all the essential fundamentals to emerge as a key partner for Europe and the world in achieving net zero targets. At Copenhagen Infrastructure Partners, we’re extremely proud to be a part of this initiative with TEH2 and A.P. Moller Capital and to be selected for the development of the first green hydrogen project under the “Offre Maroc” framework.”

Kim Fejfer, CEO of A.P. Moller Capital, stated: We are proud to take this important step in the development of the green hydrogen industry in Morocco, building on the A.P. Moller Group’s long-standing history with the country. Developing competitive transport infrastructure is part of what we do and a fundamental part of green hydrogen value chains. We are looking forward to bringing this project forward in close collaboration with our strong consortium, Moroccan authorities and other stakeholders.

 

Free Trial: Access 13,300 Tank Terminal and Production Facilities

13,300 tank storage and production facilities as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data

First Oil at Shell Brasil FPSO
11.05.2024 - NEWS
November 05, 2024 [Tank Storage Magazine]- Shell Brasil has announced the start of production of ... Read More
Maersk Enters Long-Term Green Methanol Agreement with LONGi to Lower Fleet Emissions
11.05.2024 - NEWS
November 05, 2024 [Chemanalyst]- Maersk has secured a long-term bio-methanol offtake agreement wi... Read More
JERA Finalises Major Australian Acquisition of 15.1% Participating Interest in Woodside Energy’s Scarborough Gas Field Project
11.05.2024 - NEWS
November 05, 2024 [Jera]- JERA Co., Inc. (JERA), a global energy company and Japan’s largest pr... Read More
INEOS Announces Closure of INEOS ABS Facility
11.05.2024 - NEWS
November 05, 2024 [INEOS Styrolution]- INEOS has today announced its decision to permanently clos... Read More