The investment reaffirms OCP’s central role in the kingdom’s accelerating plans to become a major producer of green hydrogen feedstock. The government has foreign investors signed up for several multi-gigawatt projects in line with its detailed green hydrogen strategy unveiled one year ago.
- Green hydrogen development will initially be focussed on the important domestic fertiliser industry.
- Direct and indirect support from the EU will be significant in encouraging foreign investment and in making projects financially attractive.
- The government will aim to develop domestic hydrogen-related technologies.