Morocco Plans to Dedicate 1 Million Hectares to Green Hydrogen Projects
(Reuters) — The Moroccan government said on Monday it will allocate 1 million hectares to green hydrogen projects, starting with 300,000 hectares in a first phase, as part of an offer to attract investors.
Green hydrogen, produced by splitting water through electrolysis using renewable energy, is expected to play a key role in decarbonizing industries.
The initiative would help Morocco "play a major role in the field of energy transition globally," the prime minister's office said in a statement.
Morocco's offer applies to integrated projects covering electricity generation from renewable energies and electrolysis, to the conversion of green hydrogen into ammonia, methanol and synthetic fuel, it said.
It also includes incentives to investors, the statement said, without offering details.
The offtake would be both for export and for domestic use, it said.
Some 100 investors have already expressed interest in producing green hydrogen in Morocco, which has ambitions to capitalize on abundant sun and wind to accelerate its energy transition.
Morocco aims for renewables to make up 52% of installed capacity by 2030 from 37.6% now.
Related News
Related News
- Phillips 66 to Shut LA Oil Refinery, Ending Major Gasoline Output Amid Supply Concerns
- FERC Sides with Williams in Texas-Louisiana Pipeline Dispute with Energy Transfer
- U.S. Appeals Court Blocks Kinder Morgan’s Tennessee Pipeline Permits
- ConocoPhillips Eyes Sale of $1 Billion Permian Assets Amid Marathon Acquisition
- Valero Considers All Options, Including Sale, for California Refineries Amid Regulatory Pressure
- U.S. Appeals Court Blocks Kinder Morgan’s Tennessee Pipeline Permits
- Malaysia’s Oil Exports to China Surge Amid Broader Import Decline
- U.S. LNG Export Growth Faces Uncertainty as Trump’s Tariff Proposal Looms, Analysts Say
- Marathon Oil to Lay Off Over 500 Texas Workers Ahead of ConocoPhillips Merger
- Valero Considers All Options, Including Sale, for California Refineries Amid Regulatory Pressure
Comments